I have a long list of additions in Class 8 for CCA related to a rental property. Can I enter a total amount for these additions on one line with a generic description (furniture and other) or am I required to itemize each amount in the inputs? What level of details goes to the CRA with the submission of the tax return for these assets?
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1 Replies
TurboTaxSusan
Moderator
Mar 25, 2024 2:04:12 PM
Yes. If you are adding more than one item to a given class, you can combine these entries into a single entry. For example, if you purchased a desk, chair, and appliances, enter the total purchase price as a single class 8 entry.