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posted Jan 5, 2025 11:35:40 AM

Turbo Tax Version

I am employed full-time (so have a T4) but also have a sole proprietorship online business to generate extra income.

 

I typically submit my taxes the old fashioned way using forms and mailing them in, but am looking to use  electronic filing this year.  

 

I calculate all of my business income manually using the T2125 and don't need a guided version of Turbo Tax to help with filing.  I am really just looking for a version that has the line items for Self Employment Income for both Gross and Net... otherwise my taxes are super simple.

 

Can anyone recommend which version I would need or if there is a location where I can check which line items are covered in each Turbo Tax version?   I just think the Self-Employed version might be way more than what I need at the moment.

 

Thanks in advance,

Karen

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1 Replies
Moderator
Jan 5, 2025 11:44:32 AM

Since you have Self -Employment income you would require to use TurboTax Self -Employed Version as the other versions will not have the required forms (T2125) to report your Self -Employment income and expenses. 

To check more information for each version please visit this link.

 

Thanks for choosing TurboTax.