Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 23, 2023 5:43:39 PM

online 2022 version does not allow for different CCA value on same class item between %50 co-owners

Hello I am using T-Tax Self Employed 2022 online (I was forced to upgrade this year, before i just bought Deluxe and filled out everything on my own?) for business income and real estate rentals.

CCA on asset class have been different between myself and co-owner (50-50 ownership) in the past few years.  Example building class 1 claimed CCA was $1000 less for my partner's than my return.  This year I can't have different unclaimed amount/values at the start of the year.

Is this a bug in this years version?

Or in the past I should not have been allowed to set depreciate asset class differently between co-owners?

 

Also, this I found that I can claim CCA on 1 of my building and create more losses, which I did not think was allowed. Another bug, or it's just that it will be picked up as an error during the final review?

Cheers and thanks for your help

0 1 361
1 Replies
Intuit Alumni
Feb 27, 2023 11:44:48 AM

In order to help you with this situation, 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

​​​​​​​Thank you for choosing TurboTax.