I sold my vehicle that I use partially for business and purchased a different one - where do I enter that information?

You'll claim CCA (depreciation) for equipment, motor vehicles, or buildings used for your business in the self-employment section of TurboTax:

1. From the Income section in the menu, select Self-Employment, then Self-Employment Profile.
2. On the Your Self-employment Profile step, select the checkbox for the type of business income you need to report. The box you check will determine the form you enter the business income on. The forms are:
   • Professional: T2125 Statement of Professional Activities
   • Commission: T2125 Statement of Commission Activities
   • Other types of business: T2125 Statement of Business Activities
   • Farming: T2042 Statement of Farming Activities
   • Fishing: T2121 Statement of Fishing Activities
3. Select Continue.
4. Fill in your business information, income, and expenses on the screens that follow, selecting Continue as you complete each screen.
5. When you arrive at the Did you have any work-related vehicle expenses? screen, select Yes, then Continue.
6. On Your Vehicle Expenses Summary, select Add a Vehicle for Business Use.
7. Enter all applicable information for one vehicle, including the CCA details in the Capital Cost Allowance (CCA) for the vehicle section.
8. Select Continue.
9. Repeat steps 6–8 for any additional vehicles, entering the CCA details for one vehicle at a time.
10. On Your Vehicle Expenses Summary, select Done with Vehicles.

You'll claim CCA (depreciation) for equipment, motor vehicles, or buildings used for your business in the self-employment section of TurboTax:

1. From the INCOME & EXPENSES section in the menu, select Self-employment.
2. On the Your self-employment profile step, select the checkbox for the type of business income you need to report. The box you check will determine the form you enter the business income on. The forms are:
   • Professional: T2125 Statement of Professional Activities
   • Commission: T2125 Statement of Commission Activities
   • Other types of business: T2125 Statement of Business Activities
   • Farming: T2042 Statement of Farming Activities
   • Fishing: T2121 Statement of Fishing Activities
3. Select Continue.
4. On the Professional business income step, select Continue.
5. Fill in your business information, income, expenses, and any other applicable information on the T2125 - Professional Business Statement #1, then select Continue.
6. On the second T2125 - Professional Business Statement #1, enter all applicable information for one vehicle, including the CCA details.
7. Select Continue.
8. Answer the question on the Reconciliation of 2021 Professional Income step.
9. On the Multiple Professional Activities step, select Yes.
10. Only enter your Business Identification information and the second vehicle amounts on the T2125 - Professional Business Statement #2 steps
11. Repeat steps 7–9 for any additional vehicles.

1. Select Forms at the bottom of the screen, then select Form Lookup.
2. In the Keyword to search for box, enter T2125.
3. In the Forms field, select T2125(2), then select OK.
4. Enter your business information and vehicle expenses on the second T2125. Nothing else needs to be entered on the second form.

For more information, please check out the TurboTax Video: How to claim vehicle expenses on your T2125 | TurboTax Canada 2020

Thank you for choosing TurboTax.