Meaghan Posted May 8, 2020 Report Share Posted May 8, 2020 Hello All, I am trying to fill out a renovation on a rental property for the first time. I made very little income from the rental property and would like to enter the claim but save it for upcoming years. I am using the 1-4% form and do not understand what exactly goes where. I am the sole owner and it is a house. If someone can walk me through it I would appreciate it!! Thank you, Meaghan Opening balance of the undepreciated capital cost QC To whom the CCA should be allocated Business level (full amounts - 100%)Partner level (prorated amounts)Use of home for business purposes Portion (%) of CCA used for business or employment % Purchase date of the property QC ACB of the depreciable capital property in this class QC Limit to the CCA of this class QC Description and amount of capital additions (other than AIIP): QC Description and amount of capital additions of AIIP: QC Application of half-year rule to current year additions YesNo QC YesNo Did you dispose of an asset in this class? Link to comment Share on other sites More sharing options...
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