☰
✕
Sign In

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 Nov 11, 2019 1:06:09 PM

Incorporated business

I have an incorporated business that only receives partnership income a T5013 which is the best turbo tax software to use?

0 2 1034
2 Replies
Level 6
Nov 13, 2019 7:21:05 AM

Hi, thank you for using Intuit Turbo Tax live Community

For filing a T2, a tax return for a corporation, Turbo Tax has the Business Incorporated .There are not different versions of this program like there is for the T1 Turbo Tax. The link to the web page for turbotax Business Incorporated is:

https://turbotax.intuit.ca/business-tax-software/business-incorporated.jsp

 

Hope this helps

 

Returning Member
Dec 29, 2019 4:37:33 PM

Hello there,

I'm using Quickbooks as the accounting software for my small Incorporated business. I saw over your website that I can import QuickBooks data into TurboTax Business to file my T2. I checked the tutorials and it looks simple process but I notice a question in the T2 Notes Checklist Part 1 – Information on the accountant who prepared or reported on the financial statements - Does the accountant have a professional designation? Line 095

What would be my answer to this question if I'm using QB and Turbotax?

I have a small number of transactions and straight forward revenue and expenses. Do I still need to hire a professional accountant to prepare the financial statements or QB and Turbotax will be enough?