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kittycat
New Member

Where do I enter “Commission and fees” (noted under Expenses in Quickbooks) in Turbotax?

 
1 Reply

Where do I enter “Commission and fees” (noted under Expenses in Quickbooks) in Turbotax?

If you already have all your income reported on the T4A, then you don’t need to enter it again, or enter any other amounts.

 

You are likely considered to be self-employed for tax purposes. Self-employment income and expenses are recorded on the form T2125 Statement of Business activities.

 

Here's a link for more information on completing a T2125: https://turbotax.intuit.ca/tips/small-business-tax-tips-filing-a-t2125-4119

 

For fees, you will enter the form T777 in your tax software. In the form, you will see field number 8862 (Accounting and legal fees).  You can click on find and write T777. You will then choose T777- Statement of employment expense. Then click yes and choose T2200 - Declaration of Conditions of Employment. On the next page, check the boxes that apply to your situation and click continue. You will enter the amount in the Accounting and legal fees field. 

 

Here's a link for more information on Accounting and Legal Fees.

 

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