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New Member

Would like to add in additions to a class 1 CCA item but can't find any way to do this. The CCA functions on Turbo tax for business users is VERY POOR!!!!!

 
7 Replies
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Moderator

Would like to add in additions to a class 1 CCA item but can't find any way to do this. The CCA functions on Turbo tax for business users is VERY POOR!!!!!

While on your Self-Employed Summary, you can choose to "edit" any T2125 - Statement of Business Activities that you have already made entries on. Continue through the screens and when you come to the one that says "Taxpayer, did you have any fixed assets?", click continue. On the next page, you can choose to Enter any New Additions or Enter any UCC Amounts. 

Highlighted
New Member

Would like to add in additions to a class 1 CCA item but can't find any way to do this. The CCA functions on Turbo tax for business users is VERY POOR!!!!!

On the farm income and expense it is missing the button that should say "Enter Additions/ Dispositions of the Current Year", as shown in your second picture. How are you supposed to enter it without the button? The only buttons shown are "Enter UCC Balances from Prior Year" and "Done".  It is obviously an error in the program, please find a way to fix it so I can finish my taxes.
Highlighted
New Member

Would like to add in additions to a class 1 CCA item but can't find any way to do this. The CCA functions on Turbo tax for business users is VERY POOR!!!!!

exact same problem
Highlighted
New Member

Would like to add in additions to a class 1 CCA item but can't find any way to do this. The CCA functions on Turbo tax for business users is VERY POOR!!!!!

Has anybody found an answer to adding a new asset for CCA? When I first went through the process it slowed me to add one and now there is no option to add additional assets for the current year I am working on.

Highlighted
New Member

Would like to add in additions to a class 1 CCA item but can't find any way to do this. The CCA functions on Turbo tax for business users is VERY POOR!!!!!

That should read "allowed me".

Highlighted
Moderator

Would like to add in additions to a class 1 CCA item but can't find any way to do this. The CCA functions on Turbo tax for business users is VERY POOR!!!!!

To add a new asset for CCA, you will return to the page that says "here's your capital cost allowance for your assets" You will need to click on "edit" beside any one of the assets you have listed. Then you will see the "Add a new CCA" button. 

New Member

Would like to add in additions to a class 1 CCA item but can't find any way to do this. The CCA functions on Turbo tax for business users is VERY POOR!!!!!

The solution Turbo Tax is offering here does not work.  I have called Turbo Tax re: this multiple times.  The Turbo Tax agent agreed that it was a bug and that they are are supposedly working on fixing it.  Until they do, I cannot finish my taxes.