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New Member
posted Jan 26, 2021 4:47:43 PM

Does anyone know what T1 and T2125 forms are? We are self employed and usually report our business income and expenses on our individual tax returns. Thanks!

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Moderator
Feb 5, 2021 11:06:07 AM

The T1 is the main form of a Federal personal income tax return. You can read more about it on this blog post: https://turbotax.intuit.ca/tips/how-to-get-a-copy-of-a-t1-general-return-10743

 

The T2125 form is where you would report self-employment income. You can read more about it on this blog post: https://turbotax.intuit.ca/tips/t2125-tax-form-declare-income-and-expenses-from-a-business-or-profession-394

 

If you have TurboTax Live Assist & Review, here is how to talk to a Tax Expert: https://turbotax.community.intuit.ca/community/navigating-turbotax/help/i-m-using-turbotax-live-assist-review-how-do-i-talk-to-a-tax-expert/00/873764