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

[connie-robles]

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

[RyleReed]

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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