Open TurboTax
I have spent hours trying to get this fixed calling TurboTax yet none of these customer service representatives or tax experts were knowledgeable on this issue. Was supposed to get a callback on it but never heard back. The CCA enhanced first year deduction for Class 54 is not 100% for 2025. It is 75% and this has a significant impact on the amount of CCA claimed. This issue needs to be fixed ASAP as it will result in a lot of erroneous claims for people using Class 54 this year.
Are you using TurboTax Desktop or TurboTax Do It Yourself (Online)? What are you claiming CCA for ex: Self-employment, rental income?

Cheng42
New Member
solamundo
Level 2
TaiWai62
Level 3
ksayeau
Returning Member
questionsforever
Level 3
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.