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Where do I enter the recaptured CCA. I sold the property. Claimed $3095 in CCA previous years. Need to recapture and claim profits on sale.

I know I need to pay for the claimed CCA as well as calculate capital gains on the sale of the rental.  Not sure where to enter the recaptured CCA amount.
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Where do I enter the recaptured CCA. I sold the property. Claimed $3095 in CCA previous years. Need to recapture and claim profits on sale.

You can enter last year’s end UCC balance, and then enter information about the sale to have the program calculate the recapture.

 

Under the “Income” tab, select “Rental Properties”. Click the “Yes” button.

Then “Edit” an existing property or “Add” a new one.

Fill in the “Real Estate Rentals Statement” page and click “Continue”.

Click “Done with vehicles”.

On the “T776 here's your capital cost allowance for your assets” page, click “Enter UCC Balances From Prior Year” to enter your previous UCC balance, then “Done With CCA”.

Back on the “T776 here's your capital cost allowance for your assets” page, click “Enter Additions/Dispositions” to enter details about your sale, then “Done With CCA” to save.

 

Please see the FAQ on TurboTax:

Recapture of Capital Cost Allowance

 

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