My client has a rental property. He is 50% co-owner with his spouse, and he occupies 50% of the premises. How do I claim CCA on his share?You may specify the undepreciated capital cost, additions and dispositions at the full cost, and DT Max will factor the amounts for both the % co-ownership and the % of own use.You may also specify the amounts respecting your client's share, net of personal use. To choose that option, use CCA-Type and select Partner level (enter prorated amounts). In that case, the amounts entered are not factored when calculating CCA. October 22, 1999 |
