Having trouble with 2021 TurboTax and CCA on Class 10.1 I disposed of a 10.1 and also purchased a 10.1. Turbotax is simply adding the cost on the same line as the 10.1 that was disposed of and it does not calculate CCA correctly. Anyone else have this problem?
If you are using TurboTax CD/Download in forms mode, please make sure that you have entered different row numbers for your two 10.1 vehicles. Ex: Under “Details of motor vehicle additions in the year” you can put class number 10.1, and then row number 1 (as well as the rest of the needed information). Under “Details of motor vehicle dispositions in the year” you can put class number 10.1, and then row number 2. This way, the Chart in Area will treat the two Class 10.1s as separate classes.
Thank you for choosing TurboTax.
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