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CCA DIEP class 50 not being recorded in turbotax 2025?

I entered an item in Area B and checked the X in the DIEP box but in Area A it does not calculate the 100% CCA under the DIEP column at all. Why is this? Is it not true the item has to become available for use up to the end of year-end 2025? I put the date as Oct 2025 for the purchase. 

1 Reply

CCA DIEP class 50 not being recorded in turbotax 2025?

To better assist you, we do need more details.

As per the CRA, the immediate expensing incentive has the following characteristics:
An eligible person or partnership (EPOP) may deduct the full cost of designated immediate expensing properties (DIEPs) up to $1.5 million per tax year, subject to specific limitations
 

  • The deduction applies only to immediate expensing property that you designated as a DIEP on the prescribed form you must file with the minister by the due date
  • The deduction is available only for the year when the property becomes available for use
  • The deduction is limited to $1.5 million per tax year:
  • The $1.5 million may be shared among associated members of a group. Each member must file an agreement on the prescribed form assigning a percentage to one or more of them for the year
  • The limit is also prorated for tax years shorter than 365 days
  • If the capital cost of the DIEP is more than $1.5 million and is included in more than one CCA class, the EPOP can decide which CCA class the immediate expensing deduction is attributed to
  • The deduction is limited to the amount of income earned (before deducting CCA) from the business or property for which the DIEP is used

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4002/t4002-6.html

 

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