☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 9:38:33 AM

Can I use Turbotax Business Incorporated to file my tax returns for my Canadian Holdings Company?

I incorporated a holdings company in 2016 and haven't yet created financial statements or filed any tax returns :S I would like to start that process and am wondering if the Turbotax Business Incorporated software is able to do returns for a Holdings Company? Also, is there any recommended software for creating my financial statements?

0 1 1185
1 Best answer
New Member
Oct 30, 2019 9:38:34 AM

Hello,


TurboTax Business Incorporated is able to produce the return for a holdings company, the standard Balance sheet and Income statement would be required for completing the return.  TurboTax Business Incorporated has an Integration feature with Quickbooks Desktop which is an accounting software, TurboTax is able to pull in the data entered in Quickbooks to complete the Schedule 100 balance sheet and Schedule 125 Income statement.

1 Replies
New Member
Oct 30, 2019 9:38:34 AM

Hello,


TurboTax Business Incorporated is able to produce the return for a holdings company, the standard Balance sheet and Income statement would be required for completing the return.  TurboTax Business Incorporated has an Integration feature with Quickbooks Desktop which is an accounting software, TurboTax is able to pull in the data entered in Quickbooks to complete the Schedule 100 balance sheet and Schedule 125 Income statement.