How do I deduct expenses from a T4A form (income from consulting/casual work)? The amount I enter in box 48 in T4A into Turbotax doesn't showup on the T2125 form?
When I input the amount in box 48 - the amount doesn't show up in the T2125 forms in Turbotax. Do I need to enter in profession code first in the T2125?
How do I deduct expenses from a T4A form (income from consulting/casual work)? The amount I enter in box 48 in T4A into Turbotax doesn't showup on the T2125 form?
Make sure you enter the expenses on the 2125 that it posts to. 🙂
How do I deduct expenses from a T4A form (income from consulting/casual work)? The amount I enter in box 48 in T4A into Turbotax doesn't showup on the T2125 form?
Ok - I called the Turbotax help line and they were extremely helpful. Bottom line - when you add the amount from box 48 in your T4A - it does transfer to a T2125 . You just have to look at your T2125 (P) or T2125 (B). Thanks everyone!
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