I sold business equipment in 2019. It will be included as the Proceeds of Disposition on Form T2125 Statement of Business Income. Anywhere else it needs to be reported?

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Moderator

Jan 21, 2020 2:40:16 PM

No. The CCA section is the only place you need to input the sale. If there is a terminal loss or recapture, then TurboTax will automatically deal with it.

This blog post has a lot of info on CCA, including stuff on dispositions, terminal loss, and recapture: https://turbotax.intuit.ca/tips/recapture-of-capital-cost-allowance-6263

Moderator

Jan 21, 2020 2:40:16 PM

No. The CCA section is the only place you need to input the sale. If there is a terminal loss or recapture, then TurboTax will automatically deal with it.

This blog post has a lot of info on CCA, including stuff on dispositions, terminal loss, and recapture: https://turbotax.intuit.ca/tips/recapture-of-capital-cost-allowance-6263

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I sold business equipment in 2019. It will be included as the Proceeds of Disposition on Form T2125 Statement of Business Income. Anywhere else it needs to be reported?