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January 16, 2024
Question

What category do I put a professional services expense to me by an accounting firm?thank you

  • January 16, 2024
  • 1 reply
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    1 reply

    January 16, 2024

    As per CRA you can deduct You can deduct reasonable accounting fees you paid for help to complete and file your income tax and benefit return. Those fees need to be entered in Accounting and legal fees line (8862) of Form T777, Statement of Employment Expenses

     

    In your TurboTax software you can directly look for the form T777 in the panel in the top.

    After you click on the forms library on the bottom of the screen 

     

     

    Then you click on form lookup (last option) and then you enter T777 to upload the form. On line 8862, Statement of employment expenses, you can add your amount.

     

     

    Thank you for choosing Turbotax.