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T776 land


#1

New rental property, with land. 1/3 of the property is personal (Principal Residence.)

Building showing the expected values (2/3 of cost), but the land is showing 100% of cost in the rental.

Ideas?


#2


What does area B show?


#3

Nothing. it is blank.


#4

Strange, Mine shows correct amount for business % of land but in area B


#5

have you got the same set up as I do for the asset in the asset manager? (See my first post.)


#6

yes I do . But just figured something out. Land is not CCA eligible. I don’t know how it showed up in area B in earlier post - cleared form and tried to reproduce it without success.
Now I get the number as you in area F with full $350,000 amount.
But correct % is displayed in Asset summary