I have a small singing group which performed for a government agency. They paid us $500 for the performance and I received a T4a in my name. The group makes no profit and all of the funds we receive go right back into music and equipment purchases. How do I report the income and expenses.
You enter your T4A slip in the Income --> Tslip section of your return.
TurboTax will transfer that income to the T2125 form for self-employment. You have to access and complete the form, you will also be able to enter your expenses on that form.
Pete06
Returning Member
lpaulose1454
New Member
dogw883056
Level 2
PBourgeois05
Returning Member
namor
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.