While Turbotax 2020 does not prompt for management and administration fees, however, under self-employed you will see that there is a heading and a box to enter this expense. When logged into your TurboTax account, click on your 2020 tax return on the left-hand side you will see "income". Click on income then scroll down to "self-employed", click on self-employed. When you click on self-employed you will have the option to state whether your self-employed business is a professional, commission, or other business. Select the option which describes your self-employed business, then click continue. The T2125 - Business Statement page will pop up, scroll down to the expenses section. Under the expenses section, you will see the management and administration fee heading.
If you require further assistance please contact our phone support team, or contact us directly on Facebook or Twitter.
Thank you for choosing Turbotax.
In the expenses section of the Self-Employment part of the interview, there is a box called "How much did you pay for Banking and Other fees? You can put your management and administration fees there.
cranston.crystal
New Member
senyshyn
New Member
sunny5
Returning Member
sunny5
Returning Member
letsridestudios
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.