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disposing of assets

kir

0
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Joined
Oct 4, 2007
Messages
201
HI,

I'm using the Ufile software and have never dispose any rentals yet. This will be my first rental that I sold, out of 5 rentals still remaining. When dealing with the software, there is a question , "Did you dispose the assets in this class? " What does this mean? There is suppose to be a slight loss since the selling price is less then the ACB.



Do I have to say No, because I have other rentals...therefore there is a UCC carried foward (capital loss)

or this is a terminal loss situation ?





Thanks.
 
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