How to deal with a move and filling out T2125/SelfEmployment income with TurboTax
Moved this year and the business address changed. At both our old and new homes, a portion of the home was used as a home office. Those % are different, as are the bills, other expenses related to the house etc. When filing self employment income with TurboTax it only gives me the option of calculating these expenses for a single residence. What are my options?
- File as two businesses, one at each address with sepeate income and expenses? Seems messy
- Is there a way to edit the T2125 directly? I can always do the calculations manually
You can enter a second business that just has the same basic information (name, address, etc…) as your first business, but only enter your home office information.
There is no way to edit the forms directly in TurboTax Online.
