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posted Apr 10, 2023 10:50:16 AM

t2 filing - GIFI doesnt balance bc all assets were sold and only liabilities remain

Since we sold the machinery and inventory for the business (assets), we only have remaining liabilities (debts still owed - HST, CEBA and funds owed to the director). As a result, the GIFI isn't balancing and the software won't let me file. Any tips or advice?

 

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Moderator
Apr 12, 2023 5:33:17 PM

If you need assistance with TurboTax Business Incorporated or preparing your incorporated business tax return (T2), you can contact the dedicated support team using the chat here: https://public-consumer-chat.app.intuit.com/app/ccs/consumer?experienceId=ttbInc. Agents are available 9:00 am to 6:00 pm EST, Monday to Friday.

 

You can also visit the Intuit Profile support site. TurboTax Business Incorporated is based off Profile software.