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New Member
posted Aug 27, 2024 11:00:01 AM

The turbo tax wrongly stated my income by 3 x and seems to state we are business owners?

This was from my return in March, it was not a good experience, at one time they had us owing $17,219.08 as balance due, it was a mess?

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1 Replies
Moderator
Aug 28, 2024 10:03:25 AM

If you've entered an amount from any of the boxes on the slips listed here, you have what the Canada Revenue Agency (CRA) considers to be self-employment or business income:

T4 slip: box 81, 82 or 83
T4A slip: box 20 or 48
T4A slip: box 28 and you selected Yes to the question Does the income declared in Box 028 consist of fees collected for services you provided? in TurboTax Online (needs to say NO to indicate no self-employment)
T3 slip: box 24 (foreign business income)
When you file with TurboTax, you will be directed to the version that best suits your needs based on complexity to ensure you are getting the best possible tax outcome for the best value, as seen in this TurboTax.

 

Have you received your notice of assessment?