- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Expenses not deducting from income
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
Hello,
Thank you for your question, can you please provide more context? Are you referring to self-employment expenses (T2125) or employment expenses (T777)? Are your advertisement expenses exceeding your gross revenues or employment income?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
Hello,
I’m self employed realtor and 100% commission based.
when filling out my expenses sheet in self-employed version none of the expenses I’m inputting are going against my yearly income.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
Since you are reporting commission income have you entered the revenues in Part 3C of the T2125 and the advertisement expenditures in Part 4?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
i have the same problem. Your software is a joke. I used a different software and it gave me almost $8,000 more in refund. I hate TurboTax for this.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
Hello SC451,
Good morning. I'm sorry to hear about your experience. Please reach out to one of our experts for further assistance.