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If I used turbo tax last year does the CCA for my vehicle automatically calculate for this year in the motor vehicle expenses? Thanks
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October 30, 2019
4:42 AM
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Self-employed
yes, your data would be carried forward and cca for the vehicle providing it is the same vehicle is already there. Only information required is km driven in the year and km driven for business to allocate proper % of business use.
October 30, 2019
4:42 AM
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Self-employed
No it doesn't carry forward and there is no way to see what the closing UCC is and how that was calculated
April 28, 2021
3:05 PM