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T5013
900 Filing tax returns
  Schedule 8 Capital Cost Allowance - Negative value in column 12 Immediate expensing |
| Program(s) affected: |
T5013 |
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Document created: |
02 22, 2024 |
| Tax year(s): |
2024, 2023 |
Document last modified: |
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| Version(s): |
27.05 |
Problem status: |
Pending |
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Should a negative value appear in column 12 Immediate expensing of Schedule 8 Capital Cost Allowance (CCA)?
No, this situation occurs when a partnership has a net loss and has a DIEP acquisition.
As a workaround, enter zero in the keyword Net-Income.diep within the DIEP-Multi-Income group with the option "There is only one source of income where DIEP is used" selected.
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