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

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) 

 

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