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I have two separate businesses to enter for 2014, one that closed early 2014 and one that opened shortly thereafter, how do I enter these separately?

 
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I have two separate businesses to enter for 2014, one that closed early 2014 and one that opened shortly thereafter, how do I enter these separately?

If you are using the online version, click on self-employment, choose business or professional, and enter new business.  Unless you are in a service business like a doctor, lawyer or dentist, choose "other business".  You can do that several times.

If you have the installed version, click on forms and type in T2125, then choose one.  P means professional income, and B means business.

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3 Replies

I have two separate businesses to enter for 2014, one that closed early 2014 and one that opened shortly thereafter, how do I enter these separately?

If you are using the online version, click on self-employment, choose business or professional, and enter new business.  Unless you are in a service business like a doctor, lawyer or dentist, choose "other business".  You can do that several times.

If you have the installed version, click on forms and type in T2125, then choose one.  P means professional income, and B means business.

ssimms
New Member

I have two separate businesses to enter for 2014, one that closed early 2014 and one that opened shortly thereafter, how do I enter these separately?

what if both businesses were just in your name? could you not enter them all together?
ssimms
New Member

I have two separate businesses to enter for 2014, one that closed early 2014 and one that opened shortly thereafter, how do I enter these separately?

I found the answer..still need to do both separately thanks