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reporting CCA recapture as rental income


NormH
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Did you answer YES on the CCA page, to the question of "Did you dispose of an asset in this class?".

If so, it should open up a place for you to enter more info, I think.  At least, that's how it worked on my business CCA form.

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Ultimately, when you do the correct data entry UFile determines if you have any terminal loss or recapture. Keep in mind that for a terminal loss to occur you need to have liquidated all the assets in the depreciable class.

 

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