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Can I reduce CCA on my rental condo 4% to adjusted amount in Area A Calculation of CCA claim (Box 12 amount).
can I reduce CCA on my rental condo 4% to adjusted amount in Area A Calculation of CCA claim (Box 12 amount).
I try to overwrite in CCA Claim sheet, but I get message that If I overwrite, I will not be able to Net file.
Fortunately I get a tip from turbotax "Your non-refundable credits exceed your tax payable. Consider reducing capital cost allowance in your self-employment or rental income." Nice to save some money.
October 31, 2019
4:50 AM
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Self-employed
You can do this and you should be able to NETFILE. The message you are getting is just letting you know that you are overwriting.
October 31, 2019
4:50 AM