- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I got this warning re a farm tool: "Consider reducing Capital Cost Allowance (CCA) in your self-employment statement." Where can I find and adjust this in Turbo Tax?
I clicked on the warning and it brought me to the correct location in Turbo Tax, but when I went to find it again, I couldn't. The item is a farm tool and I was given the opportunity to adjust the CCA up to the value of the piece of equipment.
Topics:
October 31, 2019
4:44 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
In TurboTax Online Self-Employed, go to Income > Self-Employment, then select Edit beside your business. Click continue until you reach a list of checkboxes, and check off Calculation of CCA Claim, then press Continue. This should bring you back to the page where you can adjust your CCA claim.
October 31, 2019
4:44 AM