PNJ1
Level 1

How can I adjust a CCA Claim?

Can someone tell me how can I adjust CCA claim for class 54

Getting started

Here are the steps to take to change your CCA for the year: In your T2125 Business Statement, scroll all the way down until you see 'For purchases during the year, make sure you put a checkmark next to the property that is eligible for the Accelerated Investment Incentive (AII), a Zero-Emission Vehicle (ZEV), or a Designated Immediate Expensing Property (DIEP).' Make sure you enter class 54—property details—and check off ZEV/AII with the total cost.

Scroll down and just above the box Calculation of Motor Vehicle Expenses you will see '...to change your calculated CCA amounts, click here.'

You see the page T2125 Opening Balances for CCA   (vehicle)

Enter class 54

Click on Change calculated CCA amounts at the bottom of the page

It takes you again to T2125 Opening Balances for CCA (vehicle), where you can change CCA for the year for the amount you want.

Click Done.

 

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PNJ1
Level 1

Getting started

Let me give it a try

PNJ1
Level 1

Getting started

@TurboTaxAniqua It worked, Thank you

Getting started

We are glad that it worked. Thank you for the update.