patkennedysmith
New Member

Do i include hst when i enter business expenses? or does turbotax adjust and remove the hst portion automatically?

For example, when I enter expenses for office supplies, should I include HST paid in the total expense entered into Turbotax?


Thank you!

Patrick

‎October 29, 2019 5:15 PM
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Delphision
New Member

Troubleshooting

If you are registered for HST, you would leave it out of the income and expense, as it is reported elsewhere.  If you are not registered, and cannot claim it, you would include it in the expenses.

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‎October 29, 2019 5:15 PM
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PEL2
New Member

Troubleshooting

Ok for not registered.

What does 'it' mean?

Example for $1000.00 fuel payed:

Under "GST taxable", do I enter the GST tax payed or the total amount payed for fuel?

Under "HST taxable", do I enter the HST tax payed or the total amount payed for fuel?

What do I enter for "Zero rated & exempt" for this example?

Is the ideal to calculate the GST and HST totals from each receipt?

‎April 29, 2022 1:14 PM
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TurboTaxBrenda1
Level 15

Troubleshooting

If you aren't registered you don't enter anything there. It will just go in as income with your total amount including taxes.

 

Thank you for choosing TurboTax.

‎May 4, 2022 6:32 AM
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