jfs0110
Returning Member

Rental property TP-128 errors

There are several errors with the Quebec TP-128 forms. The CCA is not calculated correctly (or at all) in multiple columns giving completely nonsensical CCA allowances and are completely different from the CRA T776 forms. The only way I have found to calculate the correct CCA allowance is to go in manually for each property and calculate the columns correctly through multiple overrides. Based on my experience last year, this will unfortunately prevent me from using NETFILE. These errors are only increasing each year with Turbotax and if not corrected will make Turbotax useless as a tax program for anyone with rental property.