Hello, few questions below:
1) My Turbotax Standard does not have 776 AUTO schedules where I can enter a vehicle, rental mileage and gas/car insurance/maintenance expenses for each rental property that I own. Where can I find the auto schedules for T776 rental properties? Will I have these available to me if I were to upgrade to Turbotax Premier?
2) My Turbotax Standard has just the simplified CCA schedule in its T776 rental form where I just enter UCC opening balance and CCA class to claim the CCA. I am trying to claim CCA on my Class 10.1 car based on mileage, and it does not let me enter the details. If I were to upgrade to Turbotax Premier, would I have the detailed CCA schedules available to me?
3) I have properties where I own 50%/50% with a joint venture partner. I will be entering the T776 forms for these properties as partnership. If we were to take CCA on the buildings (class 1), would the UCC be the full balance? or 50% of the UCC balance? (e.g. Building cost is $700k. Does each partner enter in $350k UCC opening balance? or $700k UCC opening balance each and the program calculates the 50% for me after?)
Thank you.
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