MamaK
New Member

Self-employed

YES, SKIP IT... as I said in my previous answer:  "DO NOT include ANYTHING (business sales & expenses from your CORPORATION) in your personal tax return.

IMPORTANT QUESTION:  On your Turbo Tax PERSONAL return... Did you happen to answer a question "YES" that asked:  "Are you Self-Employed" ???   If you answered YES - this is wrong.  Change the answer to NO, or remove your answer.  As far as your PERSONAL taxes go - you are NOT self employed.

You own a Corporation and are an employee of the Corporation - and that is completely different than what Turbo Tax is asking.  If you do not change your answer the T2125 will continue to come up.  The T2125 Form is ONLY to be used by people that are self-employed as Sole Proprietors.  You are NOT a sole proprietor.

Hope this clears things up for you 🙂