Income earned by a sole proprietorship goes to the individual taxpayer and is taxed through their income tax. If then, the individual wants to invest the money in a new sole proprietorship, they can just do so, since it's just the individual using their own money.

If you need assistance with TurboTax Business Incorporated or preparing your incorporated business tax return (T2), you can contact the dedicated support team using the chat here: https://public-consumer-chat.app.intuit.com/app/ccs/consumer?experienceId=ttbInc. Agents are available 9:00 am to 6:00 pm EST, Monday to Friday.

You can also visit the Intuit Profile support site. TurboTax Business Incorporated is based off Profile software.