topic Adjust CCA claimed in Self-employed https://turbotax.community.intuit.ca/community/self-employed/discussion/adjust-cca-claimed/01/936570#M6194 Thu, 31 Oct 2019 06:16:16 GMT czillman 2019-10-31T06:16:16Z Adjust CCA claimed https://turbotax.community.intuit.ca/community/self-employed/discussion/adjust-cca-claimed/01/936570#M6194 Thu, 31 Oct 2019 06:16:16 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/adjust-cca-claimed/01/936570#M6194 czillman 2019-10-31T06:16:16Z Which version of TurboTax are you using? CD/Download or O... https://turbotax.community.intuit.ca/community/self-employed/discussion/which-version-of-turbotax-are-you-using-cd-download-or-o/01/936571#M6195 Which version of TurboTax are you using? CD/Download or Online? And are you doing business, rental or employment expenses? Thu, 31 Oct 2019 06:16:18 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/which-version-of-turbotax-are-you-using-cd-download-or-o/01/936571#M6195 TurboTaxSusan 2019-10-31T06:16:18Z I am using a download version.  I am doing rental expense... https://turbotax.community.intuit.ca/community/self-employed/discussion/i-am-using-a-download-version-i-am-doing-rental-expense/01/936572#M6196 I am using a download version.&nbsp;&nbsp;I am doing rental expenses.&nbsp;&nbsp;Without the CCA I am already in a loss position. TurboTax automatically calculates the CCA and I am unable to overwrite the CCA calculated. Thu, 31 Oct 2019 06:16:19 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/i-am-using-a-download-version-i-am-doing-rental-expense/01/936572#M6196 czillman 2019-10-31T06:16:19Z Are you claiming more than one rental property? https://turbotax.community.intuit.ca/community/self-employed/discussion/are-you-claiming-more-than-one-rental-property/01/936573#M6197 Are you claiming more than one rental property? Thu, 31 Oct 2019 06:16:21 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/are-you-claiming-more-than-one-rental-property/01/936573#M6197 TurboTaxKim 2019-10-31T06:16:21Z Nope. The rules are: only one property per T776 you can't... https://turbotax.community.intuit.ca/community/self-employed/discussion/nope-the-rules-are-only-one-property-per-t776-you-can-t/01/936574#M6198 Nope. The rules are:<BR />only one property per T776<BR />you can't use CCA to increase your loss or to create a loss on the T776 Thu, 31 Oct 2019 06:16:23 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/nope-the-rules-are-only-one-property-per-t776-you-can-t/01/936574#M6198 czillman 2019-10-31T06:16:23Z Never mind. I got it figured. Thanks anyway.  I looked to... https://turbotax.community.intuit.ca/community/self-employed/discussion/never-mind-i-got-it-figured-thanks-anyway-i-looked-to/01/936575#M6199 Never mind. I got it figured. Thanks anyway.&nbsp;&nbsp;I looked to Google rather than TurboTax help.&nbsp;&nbsp;I guess I should have done that from the start. Thu, 31 Oct 2019 06:16:24 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/never-mind-i-got-it-figured-thanks-anyway-i-looked-to/01/936575#M6199 czillman 2019-10-31T06:16:24Z CRA rules will allow a rental loss on one property by cla... https://turbotax.community.intuit.ca/community/self-employed/discussion/cra-rules-will-allow-a-rental-loss-on-one-property-by-cla/01/936576#M6200 <P>CRA rules <I>will </I>allow a rental loss on one property by claiming CCA "if you are claiming more than one rental property". As you are required to complete a separate T776 for each property, this should "only" be happening if you are filing more than one T776 form. TurboTax is set up to limit the CCA claim so a loss is not created or increased on your rental property.&nbsp;<BR /></P><P>Please advise us if this is not the case and a loss is being claimed in error. Thanks <span class="lia-unicode-emoji" title=":slightly_smiling_face:">🙂</span></P> Thu, 31 Oct 2019 06:16:26 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/cra-rules-will-allow-a-rental-loss-on-one-property-by-cla/01/936576#M6200 TurboTaxKim 2019-10-31T06:16:26Z
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Which version of TurboTax are you using? CD/Download or O...
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Which version of TurboTax are you using? CD/Download or Online? And are you doing business, rental or employment expenses?
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I am using a download version.  I am doing rental expense...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/i-am-using-a-download-version-i-am-doing-rental-expense/01/936572#M6196
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I am using a download version.&nbsp;&nbsp;I am doing rental expenses.&nbsp;&nbsp;Without the CCA I am already in a loss position. TurboTax automatically calculates the CCA and I am unable to overwrite the CCA calculated.
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<title>Are you claiming more than one rental property?</title>
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https://turbotax.community.intuit.ca/community/self-employed/discussion/are-you-claiming-more-than-one-rental-property/01/936573#M6197
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Nope. The rules are: only one property per T776 you can't...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/nope-the-rules-are-only-one-property-per-t776-you-can-t/01/936574#M6198
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Nope. The rules are:<BR />only one property per T776<BR />you can't use CCA to increase your loss or to create a loss on the T776
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Never mind. I got it figured. Thanks anyway.  I looked to...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/never-mind-i-got-it-figured-thanks-anyway-i-looked-to/01/936575#M6199
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Never mind. I got it figured. Thanks anyway.&nbsp;&nbsp;I looked to Google rather than TurboTax help.&nbsp;&nbsp;I guess I should have done that from the start.
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CRA rules will allow a rental loss on one property by cla...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/cra-rules-will-allow-a-rental-loss-on-one-property-by-cla/01/936576#M6200
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<P>CRA rules <I>will </I>allow a rental loss on one property by claiming CCA "if you are claiming more than one rental property". As you are required to complete a separate T776 for each property, this should "only" be happening if you are filing more than one T776 form. TurboTax is set up to limit the CCA claim so a loss is not created or increased on your rental property.&nbsp;<BR /></P><P>Please advise us if this is not the case and a loss is being claimed in error. Thanks <span class="lia-unicode-emoji" title=":slightly_smiling_face:">🙂</span></P>
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<dc:creator>TurboTaxKim</dc:creator>
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