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New Member
posted Apr 2, 2022 4:57:40 AM

Is CCA Recapture automatically calculated in Turbo Tax? Where is this handled or entered?

I sold a rental property in 2021. I claimed CCA in previous years

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1 Replies
Level 3
Apr 5, 2022 5:34:46 PM

Yes, recapture is automatically calculated in Turbo Tax. After entering your Undepreciated Capital Cost (UCC), on the “[Your Name] here's your capital cost allowance for your assets” page, click the “Enter Additions/Dispositions in the Current Year” and enter your asset as a disposition. If your UCC is negative, you have a recapture of CCA, and TurboTax will add this amount to your rental income.

 

For more information about recapture and CCA (Capital Cost Allowance), please check out this TurboTax Article: Recapture of Capital Cost Allowance

 

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