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nancypole
New Member

In my T2125, why are my expenses listed under "other" not showing up?

in my Turbo Tax return. It gives me a total which is a couple of thousand $$ short of my actual claimable expenses
1 Reply

In my T2125, why are my expenses listed under "other" not showing up?

Thank you for choosing TurboTax.

If it's your first year of filing then June 15 is the tax filing deadline for self-employed individuals and small business owners. If it’s your first year filing taxes as self-employed, filling out your T2125 (Statement of Business or Professional Activities) may seem like a daunting task. In reality, completing a T2125 is simpler than you may think with these three simple steps. Please follow the steps:

 

Step 1 – Identification

Step 2 – Income Section

Step 3 – Expenses

 

For more information please check: Filing a T2125

 

If you need any further clarifications, we would be glad to assist you by having you contact us by phone or via Facebook or  Twitter.