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New Member
posted Oct 30, 2019 4:48:45 AM

T2125 you ask a question about Form T1139. what are you asking for exactly?

T2125 - Year End Adjustment.  Were you required to adjust income to Dec. 31 and claim business reserve in prior years using form T1139? Turbo tax wants me to answer yes or no.  I do not know how to answer it since I just put in the numbers and Turbo Tax automatically puts them on the proper forms before submitting and I do not know about T1139.  What do I answer for this question?

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1 Best answer
New Member
Oct 30, 2019 4:48:47 AM

T1139 is required only if your first fiscal period ending in 2016 does not end on December 31, 2016.

If an adjustment using T1139 is required, you can choose yes. Otherwise you can choose no.

1 Replies
New Member
Oct 30, 2019 4:48:47 AM

T1139 is required only if your first fiscal period ending in 2016 does not end on December 31, 2016.

If an adjustment using T1139 is required, you can choose yes. Otherwise you can choose no.