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New Member
posted Mar 1, 2024 9:56:56 AM

Hi, I am wondering if I can claim transaction processing fees, such as Paypal or Stripe fees? If yes, where does this fall under the expenses to input the info?

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3 Replies
Moderator
Mar 1, 2024 10:27:24 AM

As per CRA, you can claim interest and bank charges, if you are a business on your T2125 line 8871. For further information, we recommend to contact directly CRA at 1-800-959-7383.

 

Thank you for choosing TurboTax.

New Member
Mar 27, 2024 9:27:56 AM

I cannot find in the online turbotax self employed business expenses area anywhere to put this. There is no "Management and Administration fees" section in expenses. I was able to do this last year 2022.

Moderator
Mar 27, 2024 9:41:49 AM

"Management and Administration fees" is called "Banking Fees" in TurboTax Self-Employed Online 2023.