We acquired a condo in 2018 and rented it out, but we do plan to make it our home in 2 years or so. We do not own anything else. Should we claim CCA on the condo? Why?

yerm4kov · ‎October 31, 2019

Context/Concerns: capital gain tax and a recapture.

TurboTaxKim · ‎October 31, 2019

While we cannot provide you with tax advice in a Yes or No answer to this question, we do have an informative link that explains the Dos and Donts of CCA for your rental property.

https://bit.ly/2FM8uXx

View solution in original post

TurboTaxKim · ‎October 31, 2019

While we cannot provide you with tax advice in a Yes or No answer to this question, we do have an informative link that explains the Dos and Donts of CCA for your rental property.

https://bit.ly/2FM8uXx

Discover

Support

We acquired a condo in 2018 and rented it out, but we do plan to make it our home in 2 years or so. We do not own anything else. Should we claim CCA on the condo? Why?

We acquired a condo in 2018 and rented it out, but we do plan to make it our home in 2 years or so. We do not own anything else. Should we claim CCA on the condo? Why?

We acquired a condo in 2018 and rented it out, but we do plan to make it our home in 2 years or so. We do not own anything else. Should we claim CCA on the condo? Why?

Why sign in to the Community?

Discover

Support

Do you have a TurboTax Online account?

We acquired a condo in 2018 and rented it out, but we do plan to make it our home in 2 years or so. We do not own anything else. Should we claim CCA on the condo? Why?

We acquired a condo in 2018 and rented it out, but we do plan to make it our home in 2 years or so. We do not own anything else. Should we claim CCA on the condo? Why?

We acquired a condo in 2018 and rented it out, but we do plan to make it our home in 2 years or so. We do not own anything else. Should we claim CCA on the condo? Why?

Related Content