How do we know or calculate our net income?
When entering moving expense, it asked to "Enter your net income for the year from employment or self-employment in the new work location".
Where do we find that info? I have my T4 from my employer after moving, but do I just enter the amount from box 14? Where can I find this net income amount?
Hi,
Thank you for your question.
In regards to Moving expenses, if you are an employee then net income is income earned at your new location, less employment expenses.
If you have not incurred any other employment expenses, then you may enter box 14 of T4 after moving.
Hope this helps.
Thanks
Hi,
Thank you for your question.
In regards to Moving expenses, if you are an employee then net income is income earned at your new location, less employment expenses.
If you have not incurred any other employment expenses, then you may enter box 14 of T4 after moving.
Hope this helps.
Thanks
PalpatablePalpatine
Returning Member
vinny8
New Member
Sangwone
Returning Member
kcorcoran
New Member
dang2024
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.