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Where do I input information related to day trading stocks which will end up on the T2125 as self employment?
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Self-employed
When it asks, "Did you sell products that you bought or manufactured?", answer Yes to see the Inventory boxes. This page should show up just after the Income section.
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Self-employed
I just went through the Self Employment section again and I do not see that question asked anywhere. I am trying to complete my 2022 taxes.
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Self-employed
When you first created the business, did you choose "Professional services" or "Business (Goods sold)". You will only see the Inventory section if you chose "Business (Goods sold)".
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Self-employed
I am just trying again from the start and opted for the Business (goods sold) option. I will go down this path, thanks. Another question, when I am entering the "inventory" (stock shares) do I list every trade individually or just the yearly total in/out?
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Self-employed
Sorry for all the questions, by totals do you mean total amount spent buying and selling all the different stocks or buying and selling of each individual company? I traded many different stocks throughout the year.
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Self-employed
The total of whatever you buy & sell. You started the year with $xxx, you bought $xxx during the year, then you had $xxx at the end of the year. From that your cost of goods sold is calculated.