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April 18, 2022
Question

Where do I enter capital cost allowances in my 2020 refile return?

  • April 18, 2022
  • 1 reply
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The rental I have wasn't acquired in 2020 but that is when it changed from our primary residence to a rental.

    1 reply

    April 20, 2022
    To enter capital cost allowances you should follow the steps given below: -
    • First of all, Click on "Find" (Magnifying Glass) on your tax file in TurboTax Online
    • Type "Rental", and click on "GO"
    • Select "YES", and fill out all details on the page named "Real Estate Rentals Statement"
    • Click on "Continue". Then, on the next page select "Calculation of CCA Claim"
    • Select "Continue", and on this page enter all details about the Capital Cost Allowance of Your rental properties
    • Eventually, click on "Continue" to save all details entered.

    For more information on Capital Cost Allowance of rental properties visit this page of the Canada Revenue Agency: - Capital cost allowance (CCA) for rental property

     

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