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jacq-o
New Member

Corporation - filing T2 short as an inactive corporation. Do I need to complete the Schedule 1 as I have no Net Income (Loss)?

The Schedule 1 was printed with the T2 Short Return - can I ignore this and not include as it's an inactive corporation with no income?
1 Reply

Corporation - filing T2 short as an inactive corporation. Do I need to complete the Schedule 1 as I have no Net Income (Loss)?

Hi, thank you for using Intuit turbotax Live Community

You can indicate a corporation is inactive by checking a box in the Type of business section of the info tab:

inactive.PNGSeveral error messages will still appear in the auditor. These can be assessed and signed off as appropriate. This will then allow printing of the T2 barcode from the CRA copy, or efile the return for an inactive T2.

Hope this helps