topic Do you need to fill out part 3D onT2125 if you have a business income and Do not make goods for resale? in Self-employed https://turbotax.community.intuit.ca/community/self-employed/discussion/do-you-need-to-fill-out-part-3d-ont2125-if-you-have-a-business-income-and-do-not-make-goods-for/01/936591#M6201 <P>We have a business income in construction industry, mostly subcontracting. I'm confused if we need to fill out section 3D in T2125. It indicates on CRA website that "Fill in this part if you have a business and your business buys goods for resale or makes goods for sale."Our company does not buy goods to resale or to make other goods for sale, we only buy supplies and materials that needed to generate our revenue. So, does it mean we should leave a part 3D blank and record the cost of materials and supplies in expense section? PLease help</P> Thu, 31 Oct 2019 06:16:59 GMT kowkanata 2019-10-31T06:16:59Z Do you need to fill out part 3D onT2125 if you have a business income and Do not make goods for resale? https://turbotax.community.intuit.ca/community/self-employed/discussion/do-you-need-to-fill-out-part-3d-ont2125-if-you-have-a-business-income-and-do-not-make-goods-for/01/936591#M6201 <P>We have a business income in construction industry, mostly subcontracting. I'm confused if we need to fill out section 3D in T2125. It indicates on CRA website that "Fill in this part if you have a business and your business buys goods for resale or makes goods for sale."Our company does not buy goods to resale or to make other goods for sale, we only buy supplies and materials that needed to generate our revenue. So, does it mean we should leave a part 3D blank and record the cost of materials and supplies in expense section? PLease help</P> Thu, 31 Oct 2019 06:16:59 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/do-you-need-to-fill-out-part-3d-ont2125-if-you-have-a-business-income-and-do-not-make-goods-for/01/936591#M6201 kowkanata 2019-10-31T06:16:59Z No worries, here's how to proceed. Enter your subcontract... https://turbotax.community.intuit.ca/community/self-employed/discussion/no-worries-here-s-how-to-proceed-enter-your-subcontract/01/936592#M6202 <P>No worries,&nbsp;here's how to proceed.</P><P>Enter your subcontracting expenses in the 3D section. Enter your other supplies, materials, expenses in the expense section of your return.</P> Thu, 31 Oct 2019 06:17:00 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/no-worries-here-s-how-to-proceed-enter-your-subcontract/01/936592#M6202 TurboTaxJennifer 2019-10-31T06:17:00Z You get it wrong, we don't have any subcontracts, our rev... https://turbotax.community.intuit.ca/community/self-employed/discussion/you-get-it-wrong-we-don-t-have-any-subcontracts-our-rev/01/936593#M6203 You get it wrong, we don't have any subcontracts, our revenue is from doing subcontacts Thu, 31 Oct 2019 06:17:01 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/you-get-it-wrong-we-don-t-have-any-subcontracts-our-rev/01/936593#M6203 kowkanata 2019-10-31T06:17:01Z My apologies. I read that as your expenses were mainly su... https://turbotax.community.intuit.ca/community/self-employed/discussion/my-apologies-i-read-that-as-your-expenses-were-mainly-su/01/936594#M6204 My apologies. I read that as your expenses were mainly subcontracting. You'll still enter your expenses in the expense section rather than in the COGS section. Thu, 31 Oct 2019 06:17:03 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/my-apologies-i-read-that-as-your-expenses-were-mainly-su/01/936594#M6204 TurboTaxJennifer 2019-10-31T06:17:03Z thanks https://turbotax.community.intuit.ca/community/self-employed/discussion/thanks/01/936595#M6205 thanks Thu, 31 Oct 2019 06:17:04 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/thanks/01/936595#M6205 kowkanata 2019-10-31T06:17:04Z
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topic Do you need to fill out part 3D onT2125 if you have a business income and Do not make goods for resale? in Self-employed
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https://turbotax.community.intuit.ca/community/self-employed/discussion/do-you-need-to-fill-out-part-3d-ont2125-if-you-have-a-business-income-and-do-not-make-goods-for/01/936591#M6201
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<P>We have a business income in construction industry, mostly subcontracting. I'm confused if we need to fill out section 3D in T2125. It indicates on CRA website that "Fill in this part if you have a business and your business buys goods for resale or makes goods for sale."Our company does not buy goods to resale or to make other goods for sale, we only buy supplies and materials that needed to generate our revenue. So, does it mean we should leave a part 3D blank and record the cost of materials and supplies in expense section? PLease help</P>
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Do you need to fill out part 3D onT2125 if you have a business income and Do not make goods for resale?
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https://turbotax.community.intuit.ca/community/self-employed/discussion/do-you-need-to-fill-out-part-3d-ont2125-if-you-have-a-business-income-and-do-not-make-goods-for/01/936591#M6201
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<P>We have a business income in construction industry, mostly subcontracting. I'm confused if we need to fill out section 3D in T2125. It indicates on CRA website that "Fill in this part if you have a business and your business buys goods for resale or makes goods for sale."Our company does not buy goods to resale or to make other goods for sale, we only buy supplies and materials that needed to generate our revenue. So, does it mean we should leave a part 3D blank and record the cost of materials and supplies in expense section? PLease help</P>
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No worries, here's how to proceed. Enter your subcontract...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/no-worries-here-s-how-to-proceed-enter-your-subcontract/01/936592#M6202
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<P>No worries,&nbsp;here's how to proceed.</P><P>Enter your subcontracting expenses in the 3D section. Enter your other supplies, materials, expenses in the expense section of your return.</P>
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<pubDate>Thu, 31 Oct 2019 06:17:00 GMT</pubDate>
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<dc:creator>TurboTaxJennifer</dc:creator>
<dc:date>2019-10-31T06:17:00Z</dc:date>
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You get it wrong, we don't have any subcontracts, our rev...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/you-get-it-wrong-we-don-t-have-any-subcontracts-our-rev/01/936593#M6203
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You get it wrong, we don't have any subcontracts, our revenue is from doing subcontacts
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<pubDate>Thu, 31 Oct 2019 06:17:01 GMT</pubDate>
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My apologies. I read that as your expenses were mainly su...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/my-apologies-i-read-that-as-your-expenses-were-mainly-su/01/936594#M6204
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My apologies. I read that as your expenses were mainly subcontracting. You'll still enter your expenses in the expense section rather than in the COGS section.
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<pubDate>Thu, 31 Oct 2019 06:17:03 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/self-employed/discussion/my-apologies-i-read-that-as-your-expenses-were-mainly-su/01/936594#M6204
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<dc:creator>TurboTaxJennifer</dc:creator>
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