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Print this pageForward this document  How to enter a disposition of property

How should I proceed to enter a disposition of property with DT Max?

All dispositions resulting in a capital gain or loss must be entered in the CAPITAL-GAIN group.

If the property disposed of is capital property, the disposition must also be entered in the CCA-Class group of the appropriate category. The price of disposition should be entered with Proceeds.cc and the ACB should be entered with ACB-Disp.cca . You must also specify whether the category is now empty as a result of the disposition, with Liquidate .

The disposition of capital property must therefore be entered in two distinct groups, CAPITAL-GAIN and CCA-Class , in cases where a capital gain is generated, because those two keyword groups serve different purposes. Indeed, the amounts entered in the CAPITAL-GAIN group allow DT Max to calculate the capital gain or loss resulting from the disposition as well as the capital gain exemption, if need be. As for the amounts entered in the CCA-Class group, they allow DT Max to calculate the recapture or terminal loss, if need be, and also help reduce the UCC balance.

Please note that you may not claim a capital loss on the disposition of capital property.

October 21, 1999