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New Member
posted Oct 29, 2019 5:15:15 PM

Do i include hst when i enter business expenses? or does turbotax adjust and remove the hst portion automatically?

For example, when I enter expenses for office supplies, should I include HST paid in the total expense entered into Turbotax?


Thank you!

Patrick

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1 Best answer
New Member
Oct 29, 2019 5:15:16 PM

If you are registered for HST, you would leave it out of the income and expense, as it is reported elsewhere.  If you are not registered, and cannot claim it, you would include it in the expenses.

3 Replies
New Member
Oct 29, 2019 5:15:16 PM

If you are registered for HST, you would leave it out of the income and expense, as it is reported elsewhere.  If you are not registered, and cannot claim it, you would include it in the expenses.

New Member
Apr 29, 2022 1:14:53 PM

Ok for not registered.

What does 'it' mean?

Example for $1000.00 fuel payed:

Under "GST taxable", do I enter the GST tax payed or the total amount payed for fuel?

Under "HST taxable", do I enter the HST tax payed or the total amount payed for fuel?

What do I enter for "Zero rated & exempt" for this example?

Is the ideal to calculate the GST and HST totals from each receipt?

Level 15
May 4, 2022 6:32:36 AM

If you aren't registered you don't enter anything there. It will just go in as income with your total amount including taxes.

 

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