[Please help fill out CCA for Rental Property]

On 4/4/2023 at 6:44 PM, Property_guy said:

Hi, my wife and I  bought our 2nd rental property in early 2022, 

 

question1- my question is should I add the capital cost to the T776  of the older property or add a new form for the new property, 

Question 2 - Should we answer yes to EPOP ( mainly for the new capital addition we may be eligible for a higher CCA)

Question 3- If we bought some furniture for making the house rentable, is it a capital cost or soft expense?

 

Thanks for your help

Thanks for the response, I have an issue with Ufile setting up land value in section F, when I add form for land and add the value, Ufile does not add that value to section F, anyone with same issue, any suggestion is appreciated. 

[Please help fill out CCA for Rental Property]

Hi, my wife and I  bought our 2nd rental property in early 2022, 

 

question1- my question is should I add the capital cost to the T776  of the older property or add a new form for the new property, 

Question 2 - Should we answer yes to EPOP ( mainly for the new capital addition we may be eligible for a higher CCA)

Question 3- If we bought some furniture for making the house rentable, is it a capital cost or soft expense?

 

Thanks for your help