I am a self-employed professional. Should I put my Professional Dues for my regulatory body on Line 21200, or Line 8760 (T2125)?

[Tom_Cheng · Accepted solution]

Professional Dues Should be on Line 8760 cause you are a self-employed.

For your operating expenses, you can deduct any annual licence fees and business taxes you incur to run your business.

You can also deduct annual dues or fees to keep your membership in a trade or commercial association. However, you cannot deduct club membership dues (including initiation fees), if the main purpose of the club is to provide dining, recreational, or sporting activities.

For more information, please click:

TurboTax The Beginner’s Guide to Self-Employed Taxes

Thank you for choosing TurboTax.

[mlomis1]

Thanks, this clarifies it.