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posted Apr 22, 2024 11:45:18 AM

Day Trading T2125 Query

I was day trading last year using margin Account and have losses. I am trying to complete T2125 form details in Turbotax. As I have many number of trades, the total buy and sell amount exceeds value 9999999. I was trying to enter the total Sell amount under "Total revenue" and total buy amount under "Total purchase during the year". However getting an error "Cannot exceed 9999999.99".

 

Do I need to make two different self employment entries (T2125 forms) by splitting the amount? 

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1 Replies
Moderator
Apr 22, 2024 5:53:41 PM

Yes, if the numbers are too large, then you can split them over 2 T2125 forms.