Self Employed entering vehicles in class 10.1

I bought a vehicle about 10 years ago for around $80k & entered it for $33,600 in class 10.1 which was the maximum at the time. Its undepreciated capital cost is now $2352. Just sold it for $44k. Do I enter $2352 as the disposition?

I at the same time bought a new car for $80k. Am I correct that I enter the cost as $34k plus GST & PST which is $38,080?

In turbo tax I have $38,080 in column 12 (remaining UCC) & have $17,863 in column 15 (adjustment for half year). For some reason column16 (Base amount for CCA) shows as zero & it should be column 12-14 +15.

Am I entering something in the wrong place or is there a software glitch?

1599

Moderator

Jan 13, 2024 11:52:41 AM

Please contact our phone support at 1-888-829-8608 as they will be better able to assist you. They can look at your return with you to see what is happening.

New Member

Apr 21, 2025 4:20:27 AM

I am having the same issue this year when entering a car in class 10.1 and disposing of a previous. Same scenario with the proceeds of disposition. I know CRA wants each auto on a separate row but when I select Row 2 it still goes on row 1. My end result is $283 CCA and $0 in UCC to carry forward? (Using the max $37000+ tax as cost, remaing UCC on previous vehicle $2200, proceeds of disposition $7500). I did not select DIEP or AII when entering the new one. As well was not used for old vehicle that was purchased in 2018.

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Self Employed entering vehicles in class 10.1