Hi, how I can fill 2 T2125 forms for different periods within a year on my tax application? Example, 1st T2125 covering the first 3 months of the year, and the 2nd one for the test. That would include income & expenses split up accordingly. Thank you.
The process on TurboTax online products or the TurboTax Download products are very similar. Search for "business" using the magnifying glass on the top bar. This will take you to your self-employment profile. Choose the type of business you have. On the next page click on "Enter a new business for..". On the business sheet, fill in the start and end dates for the first business. Once you are done, you will be brought back to the first page and you can click again on "Enter a new business for" to report the second business activities with different start and end dates.
For more information on how to fill the T2125 form, please visit this link: https://turbotax.intuit.ca/tips/small-business-tax-tips-filing-a-t2125-4119
I hope this was helpful.