Form 1116 - Passive or General Incom

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toad
Posts: 64
Joined: Sun Nov 28, 2010 8:28 pm

Form 1116 - Passive or General Incom

Post by toad »

Hi,

Filling out Form 1116. I have CCA recapture in Canada and depreciation recapture in USA. On Form 1116, is this income considered general or passive?

Thanks!
nelsona
Posts: 18676
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Assuming its for a rental, Passive
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
toad
Posts: 64
Joined: Sun Nov 28, 2010 8:28 pm

Post by toad »

Yes, it's a rental. Thanks!
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