MidnightCandle
Returning Member

Possible bug: UCC reporting for different classes

Product: Turbotax for business

Location: Canada

 

When there are multiple classes for UCC (Undepreciated Capital Cost) at beginning of year reported on the T2, I noticed that although the T2 printout (pdf) is correct, the CRA, in their assessment, are indicating that the received value for beginning year UCC for different classes is repeating the same value as the first UCC class reported.

 

For example, if beginning year UCC for class 50 is $100, then any beginning year UCC for other classes is indicated to be $100 too, even though the T2 shows it to be different. Perhaps a bug in the underlying netfile data  feed?

‎December 28, 2022 11:04 AM
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TurboTaxSusan
Moderator
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After you file

If you need assistance with TurboTax Business Incorporated or preparing your incorporated business tax return (T2), you can contact the dedicated support team using the chat here: https://public-consumer-chat.app.intuit.com/app/ccs/consumer?experienceId=ttbInc. Agents are available 9:00 am to 6:00 pm EST, Monday to Friday.

 

You can also visit the Intuit Profile support site. TurboTax Business Incorporated is based off Profile software.

‎January 3, 2023 6:59 AM
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