T2125 CCA Terminal Loss
I disposed of a broken item of self employed business capital equipment, that still shows a UCC value in Area A of the T2125 CCA calculation. I plan to claim the Terminal Loss (equal to the remaining UCC value) on line 9270 “other expenses” this year, as per CRA guidance. So how do I clear the UCC amount? When it carries forward to next year in Turbotax do I overwrite it by typing in zero (or by leaving that CCA class blank because the item is disposed of and there is no value)? Alternately, is there something I need to do this year to zero the UCC amount in that CCA class?