Tag: 'partnerships'
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From the community
I am in a partnership that changed members part-way through the year. Do I enter different fiscal period for each T2125 or write dates in the name (ie. *name* Jan1-May9)?
My business started 2018 with 3 individual partners, one partner stepped down in May 2018 leaving 2...
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From the community
For a rental unit, why does turbotax automatically split the rental income and expenses by the partnership amount (50% in this case), but not the CCA calculations?
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From the community
How do I remove one member of the LLC and transfer their ownership to a new member?
I have checked the box saying that there is a membership change, however, TurboTax will not take me to the...
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From the community
My husband and I own a cottage and rent it for short term rentals. We collect HST. Do we include the HST collected as part of the "Gross Rents"? Thank you
We are registered to collect GST and have formed a partnership which owns the cottage.
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From the community
TurboTax 2016 is splitting my income as if a partnership. I have not checked off the partners selection. I had a business partner in 2015. How to correct?
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From the community
Help with Business Structure change and Filing
Question 1: My wife and I operated a General Partnership business over the past 5 years. This year we...
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From the community
I own 2 distinct properties with 2 distinct partnerships. How do I record these separately??
My wife and I own 2 rental properties outright, and 65% of a 3rd. How do I enter these properties /...
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From the community
what is the employers identification number and file number for QST
I am claiming work expenses and for quebec residents it is asking for the employers or partnership's...
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From the community
Is car rental expense out of Canada a deductable business travel expense for partnerships?
We own an education agency based in Toronto to recruit students to language schools in Canada. It is a...
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From the community
Business in partnership with spouse. Doing both returns together. how do I get TT to split balances for bus. expenses and income?
When I filed last year I entered the full amounts for Business income and expenses, and the program split...