- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I remove a negative amount of self-employment income from my income tax?
I had in previous years reported self-employment income from some consulting work I have done, however in 2014 I had no extra income, only income from T4 slips. However for some reason in my summary page I am seeing a negative amount of $-112.00 in my summary page as Net self-employment income, and I can't seem to fix that. What is that amount and how do I remove it?
Topics:
posted
October 29, 2019
7:33 PM
last updated
October 29, 2019
7:33 PM
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I remove a negative amount of self-employment income from my income tax?
At a guess, it may be CCA on a capital asset still being calculated. You will need to either go to forms and type in T2125, or if online, go to the income tab, self-employment and zero whatever you find there.
October 29, 2019
7:33 PM
4 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I remove a negative amount of self-employment income from my income tax?
At a guess, it may be CCA on a capital asset still being calculated. You will need to either go to forms and type in T2125, or if online, go to the income tab, self-employment and zero whatever you find there.
October 29, 2019
7:33 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I remove a negative amount of self-employment income from my income tax?
I'm guessing there's some info in my self-employment income that I cannot clear it without upgrading to TurboTax Home & Business.
October 29, 2019
7:33 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I remove a negative amount of self-employment income from my income tax?
You can try beginning a new return. Do not import prior year info. Answer all the questions and input any carry forwards manually. You may be able to avoid the problem.
October 29, 2019
7:33 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I remove a negative amount of self-employment income from my income tax?
I'll do that. Thanks for your help.
October 29, 2019
7:33 PM