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M
megassoft
February 21, 2023
Question

Should I claim CCA based on FMV or the price that I bought at?

  • February 21, 2023
  • 1 reply
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    1 reply

    TurboTaxSusan
    TurboTaxSusan
    February 22, 2023

    If you bought them during the tax year, then you would use the price you paid. If you bought them in a previous year and only started using them this year for business, then you would use FMV.

      M
      megassoftAuthor
      February 24, 2023

      Thank you for answer @TurboTaxSusan 

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