I am just trying to figure out how CCA works. How do I enter it? I claimed some last year and have more to do for this year. Need help
In your Rental Statement there will be the section dealing with CCA. If you carried forward a tax return in Turbo tax from 2015 there will be prepopulated amounts for UCC. Then you can add your "Additions" for the year. Verify the UCC balances with your 2015 tax return and determine the Class applicable to your new additions (purchases).
In your Rental Statement there will be the section dealing with CCA. If you carried forward a tax return in Turbo tax from 2015 there will be prepopulated amounts for UCC. Then you can add your "Additions" for the year. Verify the UCC balances with your 2015 tax return and determine the Class applicable to your new additions (purchases).
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