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: 
possites
New Member

Hi, am in Commission sales and when Clients don't pay I am responsible to cover the debit write off. Where does this go on my Return? Thanks

 
1 Best answer

Accepted Solutions

Hi, am in Commission sales and when Clients don't pay I am responsible to cover the debit write off. Where does this go on my Return? Thanks

If your income is reported on a T4A in Box 20, you'll need to complete the T2125 - Statement of Business Activities that the T4A income has transferred to. In the expenses section of this statement, you can enter these amounts as "Doubtful Accounts".

View solution in original post

1 Reply

Hi, am in Commission sales and when Clients don't pay I am responsible to cover the debit write off. Where does this go on my Return? Thanks

If your income is reported on a T4A in Box 20, you'll need to complete the T2125 - Statement of Business Activities that the T4A income has transferred to. In the expenses section of this statement, you can enter these amounts as "Doubtful Accounts".