topic Per previous answer (for search purposes) you put in $1,0... in Self-employed https://turbotax.community.intuit.ca/community/self-employed/discussion/per-previous-answer-for-search-purposes-you-put-in-1-0/01/874682#M75 <P>Per previous answer (for search purposes) you put in $1,000 for revenue, and $500.00 for each expense.&nbsp; The software takes 50% of each and tallies up the result at the bottom.&nbsp; This may need to be done for each partner, spousal return or not.<BR /></P> Wed, 30 Oct 2019 00:17:35 GMT Delphision 2019-10-30T00:17:35Z T2125 Partnership - Do I put all of the income on each partner's return (2 partners) or divide by 2 and then put that on each one? https://turbotax.community.intuit.ca/community/self-employed/discussion/t2125-partnership-do-i-put-all-of-the-income-on-each-partner-s-return-2-partners-or-divide-by-2-and/01/874680#M74 <P>Hello!</P><P>I am wondering whether I should put the total income (and expenses) on EACH partner's T2125 form (2 partners, each owning 50%-50% of partnership) or if I should put the total income/expenses/etc on the form for each partner?</P><P>This is our first year filing for the partnership as it was just created in 2014.</P><P>Example: Let's say we made $1000 total this year in the partnership. Do I put $500 on my T2125 and $500 on my other partner's? Or $1000 on each T2125 as the income/sales?</P><P>Also, let's say I spent $500 on office supplies with the company. Do I put $250 on each expense return? Or $500?</P><P>Thanks!</P><P>Mike</P> Wed, 30 Oct 2019 00:17:34 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/t2125-partnership-do-i-put-all-of-the-income-on-each-partner-s-return-2-partners-or-divide-by-2-and/01/874680#M74 michael23 2019-10-30T00:17:34Z Per previous answer (for search purposes) you put in $1,0... https://turbotax.community.intuit.ca/community/self-employed/discussion/per-previous-answer-for-search-purposes-you-put-in-1-0/01/874682#M75 <P>Per previous answer (for search purposes) you put in $1,000 for revenue, and $500.00 for each expense.&nbsp; The software takes 50% of each and tallies up the result at the bottom.&nbsp; This may need to be done for each partner, spousal return or not.<BR /></P> Wed, 30 Oct 2019 00:17:35 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/per-previous-answer-for-search-purposes-you-put-in-1-0/01/874682#M75 Delphision 2019-10-30T00:17:35Z Do we need to do this for each partner or since my partne... https://turbotax.community.intuit.ca/community/self-employed/discussion/do-we-need-to-do-this-for-each-partner-or-since-my-partne/01/874684#M76 Do we need to do this for each partner or since my partner is my husband and I put that in Turbo Tax, will it automatically add it to his profile?&nbsp;&nbsp;I've been doing this business for a couple of years and he just joined so I have CCA and stuff and not sure how to enter that on his profile if I have to.&nbsp;&nbsp;Thanks Wed, 30 Oct 2019 00:17:37 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/do-we-need-to-do-this-for-each-partner-or-since-my-partne/01/874684#M76 slothybear 2019-10-30T00:17:37Z I don't have a coupled return to try.  Give it a shot and... https://turbotax.community.intuit.ca/community/self-employed/discussion/i-don-t-have-a-coupled-return-to-try-give-it-a-shot-and/01/874686#M77 I don't have a coupled return to try.&nbsp;&nbsp;Give it a shot and let us know how it goes.&nbsp;&nbsp;Your input is at least as valuable as mine. Wed, 30 Oct 2019 00:17:38 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/i-don-t-have-a-coupled-return-to-try-give-it-a-shot-and/01/874686#M77 Delphision 2019-10-30T00:17:38Z I do have them coupled already but it's not showing on hi... https://turbotax.community.intuit.ca/community/self-employed/discussion/i-do-have-them-coupled-already-but-it-s-not-showing-on-hi/01/874688#M78 I do have them coupled already but it's not showing on his return.&nbsp;&nbsp;It shows his percentage of it on mine but it doesn't transfer to his. Wed, 30 Oct 2019 00:17:40 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/i-do-have-them-coupled-already-but-it-s-not-showing-on-hi/01/874688#M78 slothybear 2019-10-30T00:17:40Z Tedious.  It looks as though you will need to do the inpu... https://turbotax.community.intuit.ca/community/self-employed/discussion/tedious-it-looks-as-though-you-will-need-to-do-the-inpu/01/874690#M79 Tedious.&nbsp;&nbsp;It looks as though you will need to do the input manually.&nbsp;&nbsp;There is a considerable difference in behaviour between professional grade software and the retail versions.&nbsp;&nbsp;There are sometimes issues, but at least it is affordable. One thing you may find is that the CCA entry may be different from one to another based on the mileage amounts.&nbsp;&nbsp;If one partner drives more than the other that may be reflected in the CCA calculation. Wed, 30 Oct 2019 00:17:41 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/tedious-it-looks-as-though-you-will-need-to-do-the-inpu/01/874690#M79 Delphision 2019-10-30T00:17:41Z The only problem is some of the stuff is carried over so... https://turbotax.community.intuit.ca/community/self-employed/discussion/the-only-problem-is-some-of-the-stuff-is-carried-over-so/01/874692#M80 The only problem is some of the stuff is carried over so I'm not sure how to enter that part.&nbsp;&nbsp;I will try to do it through the forms rather then the step method. Wed, 30 Oct 2019 00:17:43 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/the-only-problem-is-some-of-the-stuff-is-carried-over-so/01/874692#M80 slothybear 2019-10-30T00:17:43Z
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topic Per previous answer (for search purposes) you put in $1,0... in Self-employed
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https://turbotax.community.intuit.ca/community/self-employed/discussion/per-previous-answer-for-search-purposes-you-put-in-1-0/01/874682#M75
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<P>Per previous answer (for search purposes) you put in $1,000 for revenue, and $500.00 for each expense.&nbsp; The software takes 50% of each and tallies up the result at the bottom.&nbsp; This may need to be done for each partner, spousal return or not.<BR /></P>
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<pubDate>Wed, 30 Oct 2019 00:17:35 GMT</pubDate>
<dc:creator>Delphision</dc:creator>
<dc:date>2019-10-30T00:17:35Z</dc:date>
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T2125 Partnership - Do I put all of the income on each partner's return (2 partners) or divide by 2 and then put that on each one?
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https://turbotax.community.intuit.ca/community/self-employed/discussion/t2125-partnership-do-i-put-all-of-the-income-on-each-partner-s-return-2-partners-or-divide-by-2-and/01/874680#M74
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<P>Hello!</P><P>I am wondering whether I should put the total income (and expenses) on EACH partner's T2125 form (2 partners, each owning 50%-50% of partnership) or if I should put the total income/expenses/etc on the form for each partner?</P><P>This is our first year filing for the partnership as it was just created in 2014.</P><P>Example: Let's say we made $1000 total this year in the partnership. Do I put $500 on my T2125 and $500 on my other partner's? Or $1000 on each T2125 as the income/sales?</P><P>Also, let's say I spent $500 on office supplies with the company. Do I put $250 on each expense return? Or $500?</P><P>Thanks!</P><P>Mike</P>
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Per previous answer (for search purposes) you put in $1,0...
</title>
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https://turbotax.community.intuit.ca/community/self-employed/discussion/per-previous-answer-for-search-purposes-you-put-in-1-0/01/874682#M75
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<P>Per previous answer (for search purposes) you put in $1,000 for revenue, and $500.00 for each expense.&nbsp; The software takes 50% of each and tallies up the result at the bottom.&nbsp; This may need to be done for each partner, spousal return or not.<BR /></P>
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<pubDate>Wed, 30 Oct 2019 00:17:35 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/self-employed/discussion/per-previous-answer-for-search-purposes-you-put-in-1-0/01/874682#M75
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<dc:creator>Delphision</dc:creator>
<dc:date>2019-10-30T00:17:35Z</dc:date>
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Do we need to do this for each partner or since my partne...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/do-we-need-to-do-this-for-each-partner-or-since-my-partne/01/874684#M76
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Do we need to do this for each partner or since my partner is my husband and I put that in Turbo Tax, will it automatically add it to his profile?&nbsp;&nbsp;I've been doing this business for a couple of years and he just joined so I have CCA and stuff and not sure how to enter that on his profile if I have to.&nbsp;&nbsp;Thanks
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<dc:creator>slothybear</dc:creator>
<dc:date>2019-10-30T00:17:37Z</dc:date>
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I don't have a coupled return to try.  Give it a shot and...
</title>
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https://turbotax.community.intuit.ca/community/self-employed/discussion/i-don-t-have-a-coupled-return-to-try-give-it-a-shot-and/01/874686#M77
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I don't have a coupled return to try.&nbsp;&nbsp;Give it a shot and let us know how it goes.&nbsp;&nbsp;Your input is at least as valuable as mine.
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<pubDate>Wed, 30 Oct 2019 00:17:38 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/self-employed/discussion/i-don-t-have-a-coupled-return-to-try-give-it-a-shot-and/01/874686#M77
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<dc:creator>Delphision</dc:creator>
<dc:date>2019-10-30T00:17:38Z</dc:date>
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I do have them coupled already but it's not showing on hi...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/i-do-have-them-coupled-already-but-it-s-not-showing-on-hi/01/874688#M78
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I do have them coupled already but it's not showing on his return.&nbsp;&nbsp;It shows his percentage of it on mine but it doesn't transfer to his.
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<pubDate>Wed, 30 Oct 2019 00:17:40 GMT</pubDate>
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<dc:date>2019-10-30T00:17:40Z</dc:date>
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Tedious.  It looks as though you will need to do the inpu...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/tedious-it-looks-as-though-you-will-need-to-do-the-inpu/01/874690#M79
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Tedious.&nbsp;&nbsp;It looks as though you will need to do the input manually.&nbsp;&nbsp;There is a considerable difference in behaviour between professional grade software and the retail versions.&nbsp;&nbsp;There are sometimes issues, but at least it is affordable. One thing you may find is that the CCA entry may be different from one to another based on the mileage amounts.&nbsp;&nbsp;If one partner drives more than the other that may be reflected in the CCA calculation.
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<pubDate>Wed, 30 Oct 2019 00:17:41 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/self-employed/discussion/tedious-it-looks-as-though-you-will-need-to-do-the-inpu/01/874690#M79
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<dc:creator>Delphision</dc:creator>
<dc:date>2019-10-30T00:17:41Z</dc:date>
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The only problem is some of the stuff is carried over so...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/the-only-problem-is-some-of-the-stuff-is-carried-over-so/01/874692#M80
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The only problem is some of the stuff is carried over so I'm not sure how to enter that part.&nbsp;&nbsp;I will try to do it through the forms rather then the step method.
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