How to not claim CCA on turbo tax ??

[Pauly R]

For the past 10 years I have always claimed CCA on my rental property. Turbo tax always applies the max amount against my rental net income.

This year I would like to NOT claim any CCA or possibly maybe a lower amount, but Turbo tax doesn't let me change it.

I want to take the net rental income as taxable income as this year my employment income was pretty much zero, so no point claiming CCA to bring rental income to zero.

How do I change the CCA amount or get turbo tax to skip this year.?

[TurboTaxVeronique]

To not claim CCA this year, you just have to leave it to zero, and you will be able to claim it next year.

Thank you for choosing TurboTax.

[milly101]

It doesn’t let you zero it out. Anyways figured out I can go to forms and select override field to change it to zero 

[Anonymous61]

Your TurboTax Canada software is really poorly designed.

How come does it force me to claim CCA deduction for rental income if I know that this isn't in my best long-term interest considering my personal situation?

There's no way to prevent the software from claiming CCA except by going into the T776 form and forcing a zero in the CCA claim. Then your software doesn't let me e-file and I have to mail a phone book size return. It's incredibly disappointing as you've been told for years it's an issue and it still isn't fixed!

[milly101]

Wait say what ??? I’ve always claimed CCA so it’s never been an issue. This year is the first year I don’t want to claim CCA so I zeroed it out manually. 

are you saying that will prevent from net filing ? Unfortunately I can’t test it out until they fix schedule 3 locked form, but if that is the case, then I better start redoing my taxes on a different software cuz I am not about to mail out this huge package. 

[TurboTaxSusan]

@milly101 You should be able NETFILE even if you have overridden your CCA claim to make it zero. This is one of the few cases where you can override and still NETFILE your return. 

[Anonymous61]

That's great then. Last year when I forced a 0 into the CCA claim for rental income I couldn't e-file and had to paper file because of this.

[milly101]

Just wanted to update that I was able to Netfile with having adjusted CCA to zero. So if there was issues in previous versions, this is no longer the case with TT24

[TurboTaxAniqua]

@milly101 Glad to hear that, and thanks for the update! 

[jfs0110]

I have overridden my CCA to adjust the CCA that turbotax automatically populates, but my wife and I have shared ownership of the properties. I am claiming my full CCA and my wife is zeroing out her portion of the CCA. She is able to netfile, but I am not. My override shows that I am only using half (my portion) of the available CCA, otherwise turbotax would deduct the full CCA available, which includes the portion of the CCA that my wife didn't use. So, it looks like turbotax only lets you netfile if the CCA is zeroed out with one owner.