TaxCycle

Known Issue: Quick Fix for CCA RIIP Calculations Not Working in Coupled T1 Returns

We are aware of an issue in TaxCycle T1 where the Quick Fix solution to apply RIIP measures to CCA calculations may not work as expected for coupled returns. Clicking the Quick Fix solution may fail to update the calculations on the Asset Manager worksheet.

In the RIIP review message (as shown below), when you click on "Use updated calculation" in the Quick Fix solution, TaxCycle fails to apply the RIIP rule to the CCA calculation.

This issue specifically affects coupled returns that are locked, marked as “Completed,” or have been previously filed

This issue does not affect T2 files and uncoupled or unlocked T1 files.

Screen Capture: Quick Fix to update CCA calculations

Anticipated Resolution

We will resolve this issue in the next TaxCycle update.