- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Expenses with 2 employers + self-employed(artist)
I have the downloaded version of shine and Business and would like to know how/if TT handles this scenario in the software. My wife was employed by two separate employers with T2200 provided. In addition to this, she sold a painting this year and has expenses related to that. After having input all expenses in full in the appropriate an areas, is TT automatically calculating the % of the useable expense for each? And further, are the expenses permitted across all incomes, as long as they are portioned?
Thank you for any insight, I just don’t want to make any very obvious mistakes.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Getting started
Yes, TurboTax Desktop allows you to enter two T777 forms for employment expenses, as well as the T2125 for self-employment income. Generally, you can just put in your amounts and the software will do all the calculations, but if your wife uses the same space for her self-employment work as her employment work, you may need to do some calculations of your own to figure out how much you can claim for the self-employment expenses.