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Getting started
As seen in our TurboTax article: Guidelines for Reporting Self-Employment Income
Filling in the Tax Form
Report your self-employment income on separate lines for each source by entering your gross income and net income in lines 13500 to 14300 of your income tax and benefit return. These amounts are calculated by using the T2125 Statement of Business Activities form which is a part of your personal income tax return. Your gross income is what you have earned before any expenses are deducted. Your net income is what is left over after deducting expenses.
For more information please see our TurboTax video: TAX TIPS for Self Employed
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March 26, 2024
8:13 AM