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Level 2
July 6, 2022
Solved

In case we may not want to claim CCA

  • July 6, 2022
  • 1 reply
  • 6 views

In case, one may not want to claim CCA due to heavy losses in a Corporation, how can he/she stop CCA calculation in schedule 8 of T2 return ?  

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Best answer by dlarryhancock1

Go to schedule 8

Double click on the asset class that you are concerned about

Go down to line 17 and type a zero into the cell, rather than the amount that the software has calculated

You are just overriding the amount with a different amount

 

Larry Hancock CPA

 

1 reply

Level 5
August 11, 2022

Go to schedule 8

Double click on the asset class that you are concerned about

Go down to line 17 and type a zero into the cell, rather than the amount that the software has calculated

You are just overriding the amount with a different amount

 

Larry Hancock CPA

 

Naseem12Author
Level 2
August 12, 2022

Thank you very much Lary . It worked. Regards,