These are the instructions for a terminal loss per TurboTax:
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At the end of the Capital Cost Allowance screens, look in the UCC Balances section.
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Find the line for the class you disposed of.
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Enter the terminal loss in the CCA For Year field.
Pat sold all of his class 3 property for $900.00 in 2014.
However, at the start of the year, he had an undeducted capital cost
for the class of $2,400.00. He has no class 3 property at the end of
the year.
On the final CCA summary screen, the CCA For Year calculated amount for class 3 shows $75.00.
Pat replaces that with $1500.00 (his UCC of 2,400 minus proceeds of 900).
