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I leased my vehicle for the first 4 months of the year, and then bought it out so am now financing it. Can I enter both the lease payments and CCA for the same vehicle?

I am getting an error message from Turbotax that says I can't do both a lease and CCA for the same vehicle
1 Reply
Dhiv
New Member

I leased my vehicle for the first 4 months of the year, and then bought it out so am now financing it. Can I enter both the lease payments and CCA for the same vehicle?

Hello,

 

Yes you can!  You can refer to the following for more info:

 

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partners...