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gschew
New Member

How do I declare income and expenses from multiple small businesses from different industries in TurboTax Canada? Thx

 
1 Reply

How do I declare income and expenses from multiple small businesses from different industries in TurboTax Canada? Thx

Assuming you are Self-employed. To report multiple Business incomes and expenses in  TurboTax Online products, please follow the steps below:

  • Sign in to your return
  • Go to the Find icon (magnifying glass) at the top right corner to enter Self-Employment Summary
  • Select Self-Employment Summary then click on GO.
  • Click Enter New business for the Client`s name at the bottom of the page. 
  • once you are done with mentioning all the information of the particular business. Do the same thing again to report multiple business incomes and expenses.

For more information please see our TurboTax article Filing Taxes as a Self-Employed Small Business Owner

 

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