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Question

Expenses not deducting from income

Forum|Forum|2 years ago
May 1, 2023
2 replies
0 views

advertising expenses not deducting from income

Hello,

Thank you for your question, can you please provide more context? Are you referring to self-employment expenses (T2125) or employment expenses (T777)? Are your advertisement expenses exceeding your gross revenues or employment income?

mikebaron111Author

Hello,

I’m self employed realtor and 100% commission based.
when filling out my expenses sheet in self-employed version none of the expenses I’m inputting are going against my yearly income.

Since you are reporting commission income have you entered the revenues in Part 3C of the T2125 and the advertisement expenditures in Part 4?

i have the same problem. Your software is a joke. I used a different software and it gave me almost $8,000 more in refund. I hate TurboTax for this.

Hello SC451,

Good morning. I'm sorry to hear about your experience. Please reach out to one of our experts for further assistance.