Wife is Beachbody coach issued T4a but also has expenses as work from home and required to buy product as well as travel to conferences. It says she needs a T2200 from her employer. We were told we need to fill out T2125 by friend. Which is the correct answer and can we do this in TurboTax basic?
The requirement for a T2200 is for employment expenses. If your wife received a T4A with box 20 or box 48 amounts, she's not an employee - she's self-employed for tax purposes. Remove any entries in the employment expenses section of your return and enter relevant business expenses on the T2125.
Basic can be used. Learn more about filling out a T2125 here: https://turbotax.intuit.ca/tips/small-business-tax-tips-filing-a-t2125-4119
The requirement for a T2200 is for employment expenses. If your wife received a T4A with box 20 or box 48 amounts, she's not an employee - she's self-employed for tax purposes. Remove any entries in the employment expenses section of your return and enter relevant business expenses on the T2125.
Basic can be used. Learn more about filling out a T2125 here: https://turbotax.intuit.ca/tips/small-business-tax-tips-filing-a-t2125-4119
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