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Expenses not deducting from income

advertising expenses not deducting from income
6 Replies

Expenses not deducting from income

Hello, 

 

  Thank you for your question, can you please provide more context?  Are you referring to self-employment expenses (T2125) or employment expenses (T777)? Are your advertisement expenses exceeding your gross revenues or employment income? 

 

Expenses not deducting from income

Hello, 

 

I’m self employed realtor and 100% commission based. 
when filling out my expenses sheet in self-employed version none of the expenses I’m inputting are going against my yearly income. 

Expenses not deducting from income

They are not exceeding the income. 

Expenses not deducting from income

Since you are reporting commission income have you entered the revenues in Part 3C of the T2125 and the advertisement expenditures in Part 4? 

SC451
New Member

Expenses not deducting from income

i have the same problem. Your software is a joke. I used a different software and it gave me almost $8,000 more in refund. I hate TurboTax for this.

Expenses not deducting from income

Hello SC451,


    Good morning. I'm sorry to hear about your experience. Please reach out to one of our experts for further assistance.