Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
maeve
New Member

I got this warning re a farm tool: "Consider reducing Capital Cost Allowance (CCA) in your self-employment statement." Where can I find and adjust this in Turbo Tax?

I clicked on the warning and it brought me to the correct location in Turbo Tax, but when I went to find it again, I couldn't. The item is a farm tool and I was given the opportunity to adjust the CCA up to the value of the piece of equipment. 

1 Reply

I got this warning re a farm tool: "Consider reducing Capital Cost Allowance (CCA) in your self-employment statement." Where can I find and adjust this in Turbo Tax?

In TurboTax Online Self-Employed, go to Income > Self-Employment, then select Edit beside your business.  Click continue until you reach a list of checkboxes, and check off Calculation of CCA Claim, then press Continue. This should bring you back to the page where you can adjust your CCA claim.