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Troubleshooting
Sorry to hear that your experience with our phone support team was less than optimal.
This is an example of how CAA works when claiming an underclass 50.
Let’s say in the first year of business, you purchased software licenses for $300. This expense will fall into class 50, which has a deduction rate of 55%.
$300 x 55% = $165
However, class 50 is subject to the half-year rule. This means you’ll have a CCA of $82.50, with $217.50 left over as the UCC.
$300 – $82.50 = $217.50
Thank you for choosing TurboTax.
May 2, 2024
7:55 AM