Since this was the first time including business income, I also did a T2125 by hand in order to help me check my work. Line 135 on the T1 form should be equal to line Line 9946 on the T2125 form. In my case, this is equal to:
(gross sales - cost of goods sold - expenses) = $xxxx.xx
However, TurboTax has put a different value in Line 135, $386.89 higher than what it should be. It is not clear how TurboTax is calculating this value, but on the Transfer Summary page the business expenses are not listed.
Any ideas?
