- Mark as New
 - Bookmark
 - Subscribe
 - Subscribe to RSS Feed
 - Permalink
 - Report Inappropriate Content
 
I disposed of some farm machinery. I entered the disposition cost. In My CCA I want to apply what was left in that class against the income I received. How & where?
			
				
					
					
						Class 10  won't let me enter the amount left to apply against the received income
					
				
			
			
				
			
			
			
			
			
			
			
		
		
		
	
	
	
			
    
	
		
		
		April 5, 2024
	
		
		4:33 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
	
	
- Mark as New
 - Bookmark
 - Subscribe
 - Subscribe to RSS Feed
 - Permalink
 - Report Inappropriate Content
 
Self-employed
Was the machinery you disposed of the last asset in class 10?
Thank you for choosing TurboTax.
			
    
	
		
		
		April 5, 2024
	
		
		8:59 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
	
	
- Mark as New
 - Bookmark
 - Subscribe
 - Subscribe to RSS Feed
 - Permalink
 - Report Inappropriate Content
 
Self-employed
Yes, It was class 10. What I sold was more than the CCA I had left but I want to use up what was left in that class. Does it automatically do this? Shows I can't claim more than zero but there is still some there to claim in that class
			
    
	
		
		
		April 6, 2024
	
		
		9:03 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
	
	
- Mark as New
 - Bookmark
 - Subscribe
 - Subscribe to RSS Feed
 - Permalink
 - Report Inappropriate Content
 
Self-employed
@rockfarming If you the price you got for selling your assets is more than what was left in the class, then you have recapture. The difference between the proceeds of disposition and what was left in the class will be added to your income, not subtracted from it like the normal CCA claim.
			
    
	
		
		
		April 6, 2024
	
		
		4:18 PM