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New Member
posted May 1, 2024 4:12:16 PM

Self employed. Income reported 3 ways. 1.Invoices 2.T4A Box 20 3.T4A Box 48. Turbo tax requires expenses for each . Can I instead place all expenses under 1 of the 3?

Turbo tax treats my situation as through I have 3 businesses, which does not reflect how I do business.  Instead the way I am paid reflects how my clients want to manage me

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1 Replies
Intuit Alumni
May 3, 2024 5:12:51 AM

You can add your expenses along with the invoices but if you do, the Canada Revenue Agency (CRA) may also ask questions at a later time. Make sure you keep all receipts and information on file to provide the CRA with the information requested.

 

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