beirnes
New Member

CCA:entering 30% of opening UCC but rec'g error message saying amount is over 30% allowed. Help?

 

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.
beirnes
New Member

Self-employed

Thank you for taking the time to reply.  No change in class.  Mini-van, purchased in 2012.

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?
beirnes
New Member

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.

Self-employed

In this case, I would contact our support team as they would be better able to see what is going on.

https://turbotax.community.intuit.ca/replies/3152013

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