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April 18, 2024
Question

Sale of depreciable asset in small business income

  • April 18, 2024
  • 1 reply
  • 0 views

I run a small business (sole proprietor) and sold a piece of depreciable equipment. Do I include the income from this sale under my business income on T2125, or is this taken care of under the disposition portion of the CCA calculations? 

 

Thanks!

    1 reply

    TurboTaxSusan
    April 18, 2024

    If you were taking CCA on the item, then you would enter the sale of it as a disposition.