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If both siblings own the property, then brother and sister would claim 50% ownership. In TurboTax, both brother and sister would enter in the total income, which the program will split based on the percentage of ownership. For expenses, there is an box labeled "Minus: Other expenses of the co-owner" where you can enter expenses that will not be split with the co-owner. The brother can enter his expenses there.  

Enter this as "Cost of Goods" in the section after you enter your income on the Business Statement - T2125.   In TurboTax Self-Employed, you do not actually enter the Cost of Goods Sold into the program. Rather, you enter your beginning inventory, purchases, and ending inventory and the program will calculate the COGS for you.   Here are the few steps you can follow, to figure out the cost of goods sold in self-employed, 1. Go to Inventory/Cost of Goods Sold and click Start or Update. 2. Say Yes, I have inventory to report. 3. Answer the question about how you value your inventory. 4. Enter the inventory at the beginning and end of the year. 5. Enter on the next screen the costs that you had for the year in purchasing or making your inventory.   The cost of goods sold is figured automatically and put on the second page of your Schedule C.  It is equal to Purchases for the year + beginning inventory – ending inventory.   That number goes to page 1 of your Schedule C, on line 4.  That gets subtracted from line 1, gross receipts, to get your gross profit, which is line 5 of your Schedule C.    Thank you for choosing TurboTax.

If you have already entered the information, then your return has likely already been upgraded. Unfortunately, you can't downgrade a return. If you don't want to use Premier, then you will have to start a new return in the version you want to use.

Yesterday, February 23rd, I was able to save a PDF of my son's return and netfile it, but today when trying to do my taxes, I just get the error message mentioned here and am unable to do anything to get past it.  I did check for updates and it tells me that Turbo Tax is up to date, but it doesn't solve the issue.  Now what?  

According to this Canada Revenue Agency (CRA) webpage, Nova Scotia has 15% HST: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/charge-collect-which-rate.html   So please enter your amounts in the HST column.

Please follow these TurboTax articles for information about the GST collected. Earning & Reporting Income From Airbnb and The Ultimate Guide On Airbnb Investment Properties and Income Tax   Thank you for choosing TurboTax.

Please see our TurboTax article for information: Foreign Income and Tax Treaties. For further clarification please contact the Canada Revenue Agency at 1-800-959-8281.   Thank you for choosing TurboTax.

In Easy Step mode the Nova Scotia Children's Sports and Arts Credit is under Claim Dependant Credits. If you are using Forms mode in TurboTax CD/Download it’s on the bottom half of the Dependant pop-up screen.