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posted Oct 30, 2019 8:05:12 PM

Why is T777 CCA for Motor Vehicles incorrect for 2018?

Column 6 incorrect at $0, Column 2 carry forward from prior year correct, CCA calculated incorrectly at $0.

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1 Best answer
Level 11
Oct 30, 2019 8:05:13 PM

With new Accelerated Capital Cost Allowance rules from CRA for tax year 2018,  some of the CCA forms have yet to be finalized by CRA. Do not override the values on your T777. The forms will be finalized soon and when they are, you'll be prompted to update your copy of TurboTax. Once you have run the update, revisit the CCA section of your return.

1 Replies
Level 11
Oct 30, 2019 8:05:13 PM

With new Accelerated Capital Cost Allowance rules from CRA for tax year 2018,  some of the CCA forms have yet to be finalized by CRA. Do not override the values on your T777. The forms will be finalized soon and when they are, you'll be prompted to update your copy of TurboTax. Once you have run the update, revisit the CCA section of your return.