derekchha
New Member

Investors and rental owners

Thanks but I should clarify that I purchased the property in 2016, so the half year rule would have been applied on my 2016 tax return.

On the 2017 return, it still seems like CCA in Area A of the T776 is calculated on the UCC I entered (ie. 50% of purchase price) and then only half of that amount is included on row 9936 to reflect what TurboTax considers to be my 50%.  Obviously, TurboTax doesn't realize that I've already done the 50% allocation already in the starting UCC.

Do you have any suggestions on how to fix this?  I hope I don't need to manually adjust this every year, otherwise it'll be immensely painful.