Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 30, 2020 5:59:03 AM

I am confused about the professional fees on the t2125. I just want to put in income.

0 1 920
1 Replies
Employee Tax Expert
Jun 1, 2020 12:33:39 PM

If your question is about Line 3H of Part 3B of the Statement of Professional or Business Activities for: "Gross professional fees including work in progress (WIP) and GST collected or collectible," the term "fees" is referring to what we commonly think of as income i.e. what the professional has billed to others for professional work done. More information can be found at Part 3B of:

Self employed Business, Professional, Commission, Farming, and Fishing Income: Chapter 2 – Income

.