I earn a small amount of money through royalties on books. What expenses can I deduct for producing these books, and where do I enter the expenses?

danstaxprogram · ‎October 30, 2019

TurboTaxJennifer · ‎October 30, 2019

If you receive no T slip for this income, you can claim it as self-employed earnings. You can deduct related expenses for cost of production, office supplies, shipping, home office, etc.

The complete list of business expenses can be found here: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partners...

danstaxprogram · ‎October 30, 2019

A good answer will include "how" to put these deductions into an online turbotax program. I don't see the way of doing that right now with the program I've got, and that's the information I need.

TurboTaxJennifer · ‎October 30, 2019

As soon as you indicate in the Setting Up section of the return that you are self-employed, the right screens will populate for you automatically in the flow of the return. If you haven't checked the proper boxes, you can find the Business section by using the Find button to search/select Business Profile.

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I earn a small amount of money through royalties on books. What expenses can I deduct for producing these books, and where do I enter the expenses?