Should I enter 25% of the full amount under CCA or the 100% amount when there are 4 partners involved?

If the business itself is a partnership, then as per the Canada Revenue Agency (CRA) a partnership can own depreciable property and claim capital cost allowance (CCA) on it. Individual partners, however, cannot claim CCA on property the partnership owns.

If for example, it is a rental property where you have a certain percentage of ownership, then as per TurboTax, the allocation of expenses is prorated for the designation of percentage ownership by the software, that is you enter 100% of the expense item and the partnership percentage would reduce that amount by the percentage.  However, with regard to CCA, the percentage allocation must be prorated by the person entering the information, that is you would have to enter 25% of the value in your example.  For example, an asset that is acquired that has a value of $10,000 that is of 100% business use, would have $2,500 entered into as an addition where there is 25% ownership/partnership.  This applies to all capital assets.  non-capital expense items are entered in their entirety.

Related Information:

Capital Cost Allowance (CCA) - Partnership 

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