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mags2
New Member

If I used turbo tax last year does the CCA for my vehicle automatically calculate for this year in the motor vehicle expenses? Thanks

 
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TurboTaxTatsiana
New Member

If I used turbo tax last year does the CCA for my vehicle automatically calculate for this year in the motor vehicle expenses? Thanks

yes, your data would be carried forward and cca for the vehicle providing it is the same vehicle is already there. Only information required is km driven in the year and km driven for business  to allocate proper % of business use. 

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2 Replies
TurboTaxTatsiana
New Member

If I used turbo tax last year does the CCA for my vehicle automatically calculate for this year in the motor vehicle expenses? Thanks

yes, your data would be carried forward and cca for the vehicle providing it is the same vehicle is already there. Only information required is km driven in the year and km driven for business  to allocate proper % of business use. 

View solution in original post

d-hazzan
Returning Member

If I used turbo tax last year does the CCA for my vehicle automatically calculate for this year in the motor vehicle expenses? Thanks

No it doesn't carry forward and there is no way to see what the closing UCC is and how that was calculated

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