Typoortax
Returning Member

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.

 

 

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.