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CCA:entering 30% of opening UCC but rec'g error message saying amount is over 30% allowed. Help?
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October 30, 2019
6:52 AM
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Self-employed
Did you sell or buy anything in that class? Because technically, it's not 30% of the opening UCC balance, it's 30% of the balance after additions and dispositions.
October 30, 2019
6:52 AM
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Self-employed
Thank you for taking the time to reply. No change in class. Mini-van, purchased in 2012.
October 30, 2019
6:52 AM
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Self-employed
Which version of TurboTax are you using? Is it Online or the CD/Download version? What are you using for opening UCC and what are you trying to put for CCA for the Year?
October 30, 2019
6:52 AM
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Self-employed
online version. UCC @ beginning of year=$5762.41. 30%=$1728.72. TurboTax auto-calculates $1028.07 BUT gives error message that it can't be greater than $1019.95.
October 30, 2019
6:52 AM
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Self-employed
In this case, I would contact our support team as they would be better able to see what is going on.
October 30, 2019
6:52 AM