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New Member
posted May 1, 2023 2:23:30 PM

Expenses not deducting from income

advertising expenses not deducting from income

0 6 824
6 Replies
Level 3
May 1, 2023 2:34:35 PM

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? 

 

New Member
May 1, 2023 2:40:50 PM

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. 

New Member
May 1, 2023 2:41:19 PM

They are not exceeding the income. 

Level 3
May 1, 2023 2:44:43 PM

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

New Member
May 23, 2023 9:40:52 PM

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.

Level 3
May 24, 2023 7:10:50 AM

Hello SC451,


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