[SD]

Thanks for your assistance I was able to report the numbers correctly in the software

[SD]

When entering the cost. I kept the opening balance blank as this is the first year. Posted the Purchase date of property. Posted in the 'ACB of the depreciable capital property in this class' 90% of the total cost.  Entered 0 in limit to the CCA as no CCA is being claimed

Sorry for the many questions.

Thanks

 

[SD]

I entered 90% of Condo cost as building class 1 and 10% as land cost in the interview 'Rental property income' in CCA. When viewing the tax return T776 the Area C 'Building additions in the year is blank no Class number, no Property details, no total cost etc Area F Land additions and dispositions is blank too. What am I doing wrong?

Thanks

[SD]

Thanks. How do you find the cost of land of Condo? Do you do an estimate or is the information available with the city? This is the first year of filing. Does the cost of condo need to be entered in T776. No CCA is being claimed. If it is to entered how do you enter it in UFile?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[SD]

Thanks for your response. Condo is purchased mid Dec so there is only a small amount of Maintenance fee and Property tax but no income in Dec. I intend entering this as expenses. I tried to find out if for condos you have to separate land and building costs. The information that I found out is there is no land and building costs for condos. Although no CCA is being claimed I want the cost of the condo to show in T776. Where do you enter the cost? Thanks for your assistance 

[SD]

Where and how do you enter in T776 the cost of a condo investment property purchased in 2021 even if you are not claiming CCA? Do you have to have a land and building value for condos if claiming CCA? Thanks for your assistance