Make sure to configure first the depreciation settings, learn more.

Including Depreciation in Individual Tax Return Rental Properties

This video demonstrates methods for Division 40 and Division 43 assets and their relevant depreciation configuration.

In order to attach a computed depreciation value to a rental schedule do the following:

1. Create an individual tax return

2. Add new rental on Income .

- Make sure to activate "Rentals" via  financial picture.

Select "Income" and choose "Rent".

3. On the rental page, find "Capital Allowances" or "Capital Works", open the section and click Add button. A depreciation worksheet will be created.

4. Through search box, you can select a Depreciation Group you want to associate with rental or input data manually.

Checkout some of our help guides:

Partner/Spouse Rental Worksheet and Depreciation linking


Watch this helpful Video about Basics of Depreciation including General Pool