Taking CCA is optional; so you can take only a portion this year or none at all. Anything you don’t claim this year will remain in your UCC balance for future years. Since you can’t use CCA to create or increase a loss, you may not be able to take the full amount there, if you have less income than CCA.
You can also check these TurboTax FAQ Links,
Thanks for choosing TurboTax.
Good answer please post (if not posted already)
amarch10
New Member
testleper
New Member
juicesmama
New Member
sevbatz101
Returning Member
HeidiC
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.