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Level 1
May 18, 2026
Question

I want to add an asset to schedule 9. How do I get it to record only 50% of the amortization for the current yfear?

  • May 18, 2026
  • 1 reply
  • 17 views
I am adding a Grader to schedule 9, class 8, value 3250 and it shows the full amount for the year rather than 50%. How do i adjust the schedule to use only 50%?

    1 reply

    Level 14
    May 20, 2026

    In TurboTax, you do not need to calculate or reduce the percentage manually. When you add a new asset to your business (T2125) or rental (T776) statements, TurboTax automatically applies the CRA's half-year rule (known as the 50% rule) for the year of acquisition.  

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