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New Member
posted Jun 13, 2021 11:33:43 AM

T2125 form is asking about rental expenses. i am freelance and have office in the home where i Iive

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Level 6
Jun 21, 2021 8:46:14 AM

Thank you for choosing TurboTax.

For self-employed individuals and small business owners, if it’s your first year filing taxes as self-employed, filling out your T2125 (Statement of Business or Professional Activities) may seem like a daunting task. In reality, completing a T2125 is simpler than you may think with these three simple steps.

 

Step 1 – Identification

Step 2 – Income Section

Step 3 – Expenses

 

For more information please check: Filing a T2125

 

If you need any further clarifications, we would be glad to assist you by having you contact us by phone or via Facebook or  Twitter