If my car is repossessed in the third quarter of the taxation year how do I claim expenses and other related c?

Posted on April 13, 2010 by admin

How does this effect my CCA.
Since the car was repossessed I made Zero in profit. The Loans agency sold the car for under 4000 dollars. It was a 2006 Focus Wagon loaded.

The first thing you need to do is include whole words in your question because I have no idea what an unrelated c is.

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2 Responses to If my car is repossessed in the third quarter of the taxation year how do I claim expenses and other related c?

  1. Max Hoopla says:
    April 13, 2010 at 9:33 pm

    The first thing you need to do is include whole words in your question because I have no idea what an unrelated c is.
    References :

  2. Barb G says:
    April 13, 2010 at 10:20 pm

    Once a car is repossessed, you are not entitled to claim anything for the entire tax year. The reasoning behind this, is you can’t claim a deduction for something you aren’t paying for. By virture of the car being repossessed, you lose it all.
    References :