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New Member
posted Oct 31, 2019 4:44:05 AM

I got this warning re a farm tool: "Consider reducing Capital Cost Allowance (CCA) in your self-employment statement." Where can I find and adjust this in Turbo Tax?

I clicked on the warning and it brought me to the correct location in Turbo Tax, but when I went to find it again, I couldn't. The item is a farm tool and I was given the opportunity to adjust the CCA up to the value of the piece of equipment. 

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1 Replies
Level 5
Oct 31, 2019 4:44:07 AM

In TurboTax Online Self-Employed, go to Income > Self-Employment, then select Edit beside your business.  Click continue until you reach a list of checkboxes, and check off Calculation of CCA Claim, then press Continue. This should bring you back to the page where you can adjust your CCA claim.