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Level 1
September 10, 2020
Solved

Reducing the CCA on a T776

  • September 10, 2020
  • 1 reply
  • 1 view

Looking for how to override the CCA so the UCC claim for next year is correct when I carry forward to 2020

This topic has been closed for replies.
Best answer by Pro4

Hi, thank you for using Intuit ProFile Community

To claim less than the maximum CCA for the year, override CCA for the year on T776CCA to any amount up to the maximum; including zero. Override on T776CCA to have the correct ending UCC carry forward to the next year

Hope this helps

1 reply

Pro4Answer
Level 8
September 11, 2020

Hi, thank you for using Intuit ProFile Community

To claim less than the maximum CCA for the year, override CCA for the year on T776CCA to any amount up to the maximum; including zero. Override on T776CCA to have the correct ending UCC carry forward to the next year

Hope this helps