How can I submit vehicle expenses if I do not have CCA for the car I drive for my small business. The car was gifted to me. That's why I didn't put any CCAlast year.Help?

icaguilar1000-gm · ‎April 7, 2024

I recieved a Kia Soul from my parents. Because it was a gift I didn't claim any CCA as part of my small business. Last year(2023) I filed my self-employment taxes without any issues. This year(2024) I am having issues because the online form is asking for a minimum CCA amount if I want to claim vehicles expenses, which I do have (approximate $4k). The only way it allows me to input my vehicle expenses is if I input a value of $1, but I didn't declare this last year because it was a gift. I use the car for my business. What can I do?

TurboTaxSusan · ‎April 7, 2024

I will let our product development team know about this issue. In the mean time, you can enter $1 for the purchase price of the vehicle, and then on the Vehicle expenses summary, you can reduce the "CCA for the year" to zero so you don't claim anything.

How can I submit vehicle expenses if I do not have CCA for the car I drive for my small business. The car was gifted to me. That's why I didn't put any CCAlast year.Help?

Self-employed