Where do I enter 'start up' cash on the T2125? It was personal cash, no loan, just from savings.
My husband and I started a small scale reno company in 2017. I personally gave the business 'start-up' cash, which we used to buy a truck and some equipment, which I included on our T2125. Is there somewhere to enter the actual amount of cash I personally gave the business and have not been paid back yet?
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1 Best answer
TurboTaxLise
Level 13
Oct 30, 2019 4:21:00 PM
Go have a look at Part 9 Details of Equity - line 9933 - Capital Contribution for 2017.
Please note: this will not make any difference to your tax return, this is more or less for your own record keeping.
1 Replies
TurboTaxLise
Level 13
Oct 30, 2019 4:21:00 PM
Go have a look at Part 9 Details of Equity - line 9933 - Capital Contribution for 2017.
Please note: this will not make any difference to your tax return, this is more or less for your own record keeping.