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Level 1
posted Feb 18, 2022 8:07:50 AM

I purchase supplies such as plumbing fittings for the jobs that I do. Where do I enter these business expenses?

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2 Replies
Level 3
Feb 20, 2022 11:17:36 AM

If you are Self-Employed, you can enter your income and expenses on Form T2125, Statement of Business and Professional Activities. To do this in TurboTax Online, click “Find” (the magnifying glass icon) in the top right. Type “self” in the search bar. Select Self-Employment from the list, then click “Go”. There you can create a new business or edit an existing one.

 

After filling in some basic info and your income amounts, you will get to several different sections where you can enter your expenses. If you don’t see a space for your specific expense, you can add it as an “Other Expense” near the end.

Thank you for choosing TurboTax.

Level 1
Feb 21, 2022 5:33:43 AM

Thanks! That's what I thought but just wanted to make sure.