Getting started

As per our TurboTax article: Guidelines for Reporting Self-Employment Income

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.

 

To Enter Self-Employment income (T2125 - Business Statement) in TurboTax Online:

1. In the upper-right corner of your screen, select Find (magnifying glass).

2. In the Find window, type in “self” and select “Self-Employment”. Click the “Go” button.

 

For more information from TurboTax: Self-Employment and Rental Income Centre

 

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