claiming CCA on a class 10.1 vehicle

[barbara957]

I have bought a vehicle in 2022 that is class 10.1 and traded in my former class 10.1 vehicle.  The T2125 form lumps the 2 vehicles in the same line instead of on separate lines as required by CRA.  This leads to an incorrect calculation of CCA and results in a UCC of zero end of year even though i sill own my new vehicle.  I see that this was a problem for the 2021 tax year as well.  Is Turbotax going to fix this problem any time soon?  I think the form works if you still keep the same vehicle from the previous year but it is a problem when disposing of the old and buying new.  Please advice what turbotax is doing to solve this problems.

[Tzwart]

Hi @barbara957 !

Thanks for the question. Here is a FAQ that should be able to help:

https://turbotax.community.intuit.ca/turbotax-support/en-ca/help-article/tax-credits-deductions/clai...

In addition, the CRA provides information specific to 10.1 vehicles and CCA, which may be useful to use as a reference:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

Hope this provides some clarity for you, and happy filing!

[Judy59]

Was this issue fixed?  I am having the same problem.  I did not find the documents referred to in the reply helpful. 

[TurboTaxGinette]

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