TurboTax covers multiple businesses for one individual. Once you have completed the first business's income & expenses, choose the option to enter a new business. This should keep everything separated.
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The information from the 2nd T4A that is entered on the 2nd T2125 form does not show on that T2125, it is added to the first T2125 form. How do I change this? Thanks
On both of your T4A's you have a box 20 or 48 with an amount?
Yes both T4A's have a Box 20 completed
Any amounts on your T2125 you should be able to edit. Where exactly are you seeing the amount on the T2125?
In Part 3A - Income reported on T4A slips
Should I remove from the T4A slip and put it somewhere else?
Unfortunately, when the income is coming from T-slips, the program will assign it to a particular T2125, and there is no way to pick which one or move it to a separate one.
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This has also happened with me. When I synced my CRA account to turbo tax it automatically imported all my T4 and T4A slips information. However, I have two T4As from different businesses. So when I'm entering in the information for each business it took the amounts from box 20 on each slip and made it as one lump sum of income. When I was entering the information for my first business it had the total lump sum of income from both businesses, but when I entered the business information from my second business, there was no income indicated. What should I do?
@sandyemtucker Again, when the income is coming from T-slips, the program will assign it to a particular T2125, and there is no way to pick which one or move it to a separate one. But, ultimately, the income and expenses from all your T2125s will be combined into the same line on the T1 (line 13500 in the case of Business Income).
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