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New Member
posted May 30, 2021 7:36:56 AM

Can you change a sole proprietorship from the previous year to a partnership this year and split the income and deductions 50/50?

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1 Replies
Level 6
Jul 28, 2021 5:07:27 AM

When entering the self-employment information (T2125), which is under the Income tab - you will go to the bottom of the first page and you will be able to enter the partnership information.

 

Please see the screenshot as seen on the following link: Partnership entry for T2125 (Self-Employment) 

  • Sole proprietorship change to partnership how to enter in turbotax

 

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