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I'm using turbotax standard and can't find any way to input Capital Credit Allowance (CCA) on property. Can you please show me how to find this?

 
4 Replies

I'm using turbotax standard and can't find any way to input Capital Credit Allowance (CCA) on property. Can you please show me how to find this?

What exactly is the CCA being claimed on? Rental property, business asset?

I'm using turbotax standard and can't find any way to input Capital Credit Allowance (CCA) on property. Can you please show me how to find this?

Yes, Rental Property

I'm using turbotax standard and can't find any way to input Capital Credit Allowance (CCA) on property. Can you please show me how to find this?

There is no access to forms on the Online version, just Easy-Step, which is quite frustrating finding things.

I'm using turbotax standard and can't find any way to input Capital Credit Allowance (CCA) on property. Can you please show me how to find this?

When using the online versions of TurboTax and wanting to add new additions or your UCC amounts in your rental profile, go to:

  • Income Tab > Rental Properties > Rental Summary
  • Choose to "Edit" the rental property you are adding the CCA amounts to
  • Continue to the page titled "T776 here's your capital cost allowance for your assets"
  • On that page, you can enter any new additions and add or adjust the UCC amounts as shown in the screenshot