I am filling in Fixed asset summary. I have acquired assets eligible for DIEP. TurboTax autofills UCC. What should i enter into UCC if i have no more assets

Forum|Forum|1 year ago
March 19, 2025
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What should i enter into UCC if i have no more assets other than acquired this year eligible for DIEP? Do i check No assets left in this class, enter full summ into UCC or enter 0 into UCC

TurboTaxSusan

TurboTax automatically calculates UCC based on what assets are left in the class, and what CCA amount you are taking, and you can't change it. Double check that you've entered your dispositions correctly if you had anything in that asset class before the adding the DEIP items.

shymbrykAuthor

I have no assets before start adding DIEP assets
All my assets are DIEP
Turbotax autofills CCA amount fields (sometimes claiming not the full amount, sometimes after editing assets and changing nothing Turbotax changes CCA as he pleases even if nothing was changed)

What should i see if all my assets are DIEP and it`is my first business year?
If I left CCA field unchanged after creating expense assets then expenses aren`t fully deducted. What you mean by entering dispositions? As what i can do is either fill CCA to claim for the year as Maximum CCA, or check as no assets left in this class