- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
where do real estate office expenses get entered?
8 hours ago
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
In TurboTax Canada, real estate office expenses are typically entered in the Self-Employment section. Because most real estate agents are considered independent contractors, you report your income and expenses on Form T2125 (Statement of Business or Professional Activities).
If you are Self-Employed you can claim under expenses when filling out T2125. Use the T2125 form to report either business or professional income and expenses. This form combines the two previous forms, T2124, Statement of Business Activities, and T2032, Statement of Professional Activities.
Tax Deductions for the Self-Employed
Thank you for choosing TurboTax.
7 hours ago