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K
kabirtaxreturn
March 25, 2024
Question

First time claiming expenses for uber. What to add in Unclaimed capital cost?

  • March 25, 2024
  • 1 reply
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    1 reply

    TurboTaxSusan
    TurboTaxSusan
    March 25, 2024

    If were not self-employed last year, then you wouldn't have an Unclaimed capital cost. You would enter your assets as additions for this year, then next year you will have a Unclaimed capital cost for them.

    K
    kabirtaxreturnAuthor
    March 25, 2024

    Im filling for 2023 tax and i was doing uber during that time. I was calculating CAA. So what should i put in UCC? 

    TurboTaxSusan
    TurboTaxSusan
    March 25, 2024

    Like I said, if 2023 is your first year in business, you will not have a UCC.

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