I'm a self employed individual (no company) that has to regularly hire artists as contractors to produce material that I use in what I produce and sell, as well as printing costs. I need to be able to write off my costs for these contractors. Last year, while I was filling in my self-employed business income, I was given options for putting these costs in. This year, I can't find any such information. Where should I be filing these things in? My industry code, if it helps, is 511120.
The spot to enter subcontractors' costs can be located in the Valuing Inventory section of the T2125. This screen is found directly after the Business Income section. Enter your subcontractor costs on the line marked "Subcontracts : Enter all the costs of hiring outside help to perform work related to the goods you sell."
The spot to enter subcontractors' costs can be located in the Valuing Inventory section of the T2125. This screen is found directly after the Business Income section. Enter your subcontractor costs on the line marked "Subcontracts : Enter all the costs of hiring outside help to perform work related to the goods you sell."
@bassemomary Are you using TurboTax CD/Download or TurboTax Online?
I also have the same question! I am using Turbo Tax Online.
In TurboTax Online, you can enter subcontractor expenses in the Inventory section, just after Income.
Sub contractor does not come up as an option for me under work expenses
@Canadork It's not under expenses. You can enter subcontractor expenses in the Inventory section, just after Income.
@CandianTaxpayer
You have to go to the Self-Employment section, then go into your business (or create one) to see the Inventory part of the Self-Employment section.
Hi,
No matter how I try to get to the Inventory section in which I could supposedly enter all subcontractors' fees, I am unable to get to it.
Can you please let us know if you are using TurboTax Online or TurboTax CD/Download?
Thank you for choosing TurboTax.
Agreed! This page (subcontractors) does not show up for me either! Please advise
(using online version)
Please update on where to find this. I'm having the same issue currently.
@jnsalmon Payments to subcontractors goes into the Inventory section. If you don't see the option for inventory, then you chose "Professional" as your business category, instead of "Business". You would need to delete the business and start a new one to change the category.