Can I reduce CCA on my rental condo 4% to adjusted amount in Area A Calculation of CCA claim (Box 12 amount).

can I reduce CCA on my rental condo 4% to adjusted amount in Area A Calculation of CCA claim (Box 12 amount).

I try to overwrite in CCA Claim sheet, but I get message that If I overwrite, I will not be able to Net file.

Fortunately I get a tip from turbotax "Your non-refundable credits exceed your tax payable. Consider reducing capital cost allowance in your self-employment or rental income." Nice to save some money.

1319

New Member

Oct 31, 2019 4:50:02 AM

You can do this and you should be able to NETFILE. The message you are getting is just letting you know that you are overwriting.

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Can I reduce CCA on my rental condo 4% to adjusted amount in Area A Calculation of CCA claim (Box 12 amount).