Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
B
blair-is-online
March 8, 2022
Question

Can I claim the purchase cost of an owner occupied duplex as a capital expense?

  • March 8, 2022
  • 1 reply
  • 0 views
No text available

    1 reply

    TurboTaxSusan
    TurboTaxSusan
    March 12, 2022

    Yes, you can. But you may want to consult a tax professional before doing so, as it may affect your ability to claim the principal residence exemption on the property when you sell it. You can get more information on this Canada Revenue Agency (CRA) webpage: Changing all your principal residence to a rental or business property

    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification