How do I adjust the CCA taken so that it does not create a negative net income? Do you overide the valueTurboTax inserts which is the full 4% of the property value?
How do I adjust the CCA taken so that it does not create a negative net income? Do you overide the valueTurboTax inserts which is the full 4% of the property value?
If you own more than one property then CCA can be used create or increase a loss on one asset to offset a profit on another. You can change the amount of CCA claimed by adjusting the maximum calculated to any number (including zero) below the maximum.
How do I adjust the CCA taken so that it does not create a negative net income? Do you overide the valueTurboTax inserts which is the full 4% of the property value?
You may need to override the amount calculated in Column 7 using the "Edit" > "Forms Override" option.
How do I adjust the CCA taken so that it does not create a negative net income? Do you overide the valueTurboTax inserts which is the full 4% of the property value?
I purchased the 2023 standard package yesterday. I want to change ( over write) the amount of cca on a rental property. I tried few things but software won't let me. Please help
How do I adjust the CCA taken so that it does not create a negative net income? Do you overide the valueTurboTax inserts which is the full 4% of the property value?
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