Thank you for choosing TurboTax,
To enter your business income and expenses, please follow these steps:
- Skip ahead to the Self Employment section by selecting the magnifying glass from the menu.
- Enter self-employment in the search bar.
- Select Self-Employment.
- Select Go.
- On the Your Self-employment Profile for 2020 screen, select any applicable boxes.
- Select Continue.
- Select Enter New Business for.
- On the Your Business Income for 2020 screen, select your business type from the dropdown menu.
- Select Continue.
- On the T2125 Business Statement screen, enter the basic information about your business.
- In the "Income" section, enter your income amounts.
- In the Calculation of Expense section, fill out your expenses
- When finished, select Continue to claim your income and expenses.