I am specifically looking at the tables in T776 Area A and TP-128 Section 4. I expect them to report the same values, but they are not.
Here's my example. For the current year, I have purchased appliances for a rental apartment. I enter in the CCA through Easy Steps, but validate this with the forms.
- I am claiming these additions as class 8 for a total of 5000.
- In Area A of T776, column 3 "Cost of Additions", the sum shows up as the full value. This is what I expect.
- In TP-128 Section 4, Column 3, this value shows up as half, 2500. This is not what I expect. I would expect TP-128 Section 4, Column 3 to be the same as T776 Area A Column 3.
- This happens regardless of if I claim DIEP or AIIP.
So, are you saying that in the TurboTax is automatically applying the first year rule of 50% to the value in TP-128 Column 3?
I don't understand why that would happen. Can you provide the documentation that explains why this happens automatically?
What happens if I don't claim the CCA for the year and let the 5000 be UCC for next year? I've tried this and T776's Area A, Column 2, reports the full amount, but T128, Section 4, Column 2, still reports 50% of that value.
