Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
melhusse
New Member

Under schedule 125 for corporation Taxes, under revenue for trade sales of goods and services, Do I include the values including tax charged (GST)?

For example Sales $62,727 + 5% GST = $65863 So i would enter $65863??

2 Replies

Under schedule 125 for corporation Taxes, under revenue for trade sales of goods and services, Do I include the values including tax charged (GST)?

Hello,

I am not 100% certain if the amounts should be inclusive of the taxes to better answer you on this question please contact the governments tax tip line at 1-800-267-6999 because I am not a tax expert I do not wish to give you the wrong information.

melhusse
New Member

Under schedule 125 for corporation Taxes, under revenue for trade sales of goods and services, Do I include the values including tax charged (GST)?

Thanks William. I did ask and the answer is No the amounts should not include tax