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.?
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.
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
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