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New Member
posted Feb 14, 2024 2:44:45 PM

Why can I not claim 100% CCA for my EV?

the dropdown menu will bring up Class 54 for 30% but not 100%

0 5 597
5 Replies
Moderator
Feb 14, 2024 2:55:13 PM

Are you using TurboTax CD/Download or TurboTax Online?

New Member
Feb 14, 2024 4:07:55 PM

It is the 2022 online version

Moderator
Feb 14, 2024 4:36:11 PM

The depreciation rate for Class 54 is 30%. However, you can choose to depreciate your vehicle 100% by selecting Yes to " Zero-Emission Vehicle (ZEV)", if the vehicle is eligible.

New Member
Feb 15, 2024 1:29:22 AM

I have a Tesla, however the drop down option with YES selected as a zero emission vehicle still only allows 30%

Intuit Alumni
Feb 15, 2024 5:56:02 AM

Many factors are at play, depending what information was already entered as the software directs what you are eligible for according to your answers. Please see our TurboTax article Zero-Emission Vehicles. If it should be a Class 10 for your vehicle it has a CCA rate of 30% as seen in our TurboTax article Common Depreciable Property Classes

If further guidance is required, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen to help resolve the issue. To contact them, please follow this link: Contact Us. 

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