Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Find CRA error Netfile information >> HERE!
Typoortax
Returning Member

Expenses with 2 employers + self-employed(artist)

I have the downloaded version of shine and Business and would like to know how/if TT handles this scenario in the software.  My wife was employed by two separate employers with T2200 provided.  In addition to this, she sold a painting this year and has expenses related to that.  After having input all expenses in full in the appropriate an areas, is TT automatically calculating the % of the useable expense for each? And further, are the expenses permitted across all incomes, as long as they are portioned?

 

Thank you for any insight, I just don’t want to make any very obvious mistakes.

 

 

1 Reply

Expenses with 2 employers + self-employed(artist)

Yes, TurboTax Desktop allows you to enter two T777 forms for employment expenses, as well as the T2125 for self-employment income. Generally, you can just put in your amounts and the software will do all the calculations, but if your wife uses the same space for her self-employment work as her employment work, you may need to do some calculations of your own to figure out how much you can claim for the self-employment expenses.