Which version of Turbotax that allows more than 4 T2125 (Professional activities) ? I need to track/claim CCA for more than 8 vehicles this year. I used Turbotax standard last year (less than 8 vehicles) thus it allowed me to use 4 T2125. I have 10 vehicles to claim/track this year.
To handle ten vehicles and potentially more than four T2125 forms, use TurboTax Home & Business, which is specifically designed for this purpose. It includes the "Business Motor Vehicle" wizard, which is much more capable of tracking 10 distinct sets of mileage, fuel, and depreciation.
TurboTax Home & Business allows for a much higher asset ceiling and separate CCA streams, making it much easier to manage 10 different vehicle entries without the software "capping" your inputs.
Tracking 10 vehicles is actually less about the number of T2125 forms and more about how the vehicles are classified in the CCA (Capital Cost Allowance). section:
If your vehicles cost less than $37,000 (for 2024/2025) before tax, they are usually Class 10. You can group multiple Class 10 vehicles on a single T2125.
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