Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
Announcements
If you are using the CD/download version of TurboTax and you're getting a TT805 error, please read

this message

cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

Where is the rent field in the business-use-of-home expenses section?

 
1 Best answer

Accepted Solutions
New Member

Where is the rent field in the business-use-of-home expenses section?

Based on the info you are providing, you are entering this rent in the appropriate area.  The reason why this is not making any difference is that you probably have a Net business loss prior to claiming this expense.  You should be aware that you cannot increase or create a business loss by claiming office in the home expenses.  Any amounts not deductible in this regard because of this restriction can be carried forward and applied against your Net business income in a future year. For more info please see  http://www.cra-arc.gc.ca/tx/bsnss/tpcs/slprtnr/rprtng/t2125/ln9945-eng.html 

View solution in original post

4 Replies
New Member

Where is the rent field in the business-use-of-home expenses section?

What form are you using?  If it is a business return form T2125: on Page 4, Part 8, Other - indicate rent.
New Member

Where is the rent field in the business-use-of-home expenses section?

I'm not using the forms, I am just using Turbotax Online. I tried entering it in the Other - "rent" section and it made no difference on my return. Is that normal?
New Member

Where is the rent field in the business-use-of-home expenses section?

Sorry I always buy the program, not familiar with on-line version.
New Member

Where is the rent field in the business-use-of-home expenses section?

Based on the info you are providing, you are entering this rent in the appropriate area.  The reason why this is not making any difference is that you probably have a Net business loss prior to claiming this expense.  You should be aware that you cannot increase or create a business loss by claiming office in the home expenses.  Any amounts not deductible in this regard because of this restriction can be carried forward and applied against your Net business income in a future year. For more info please see  http://www.cra-arc.gc.ca/tx/bsnss/tpcs/slprtnr/rprtng/t2125/ln9945-eng.html 

View solution in original post