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annette-demontfo
March 31, 2022
Question

Where do I enter business partnership ownership percentages?

  • March 31, 2022
  • 1 reply
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    1 reply

    T
    Tom_Cheng
    March 31, 2022

    You are self-employed and if you are in business with one to five other people (partnership), use the T2125 to report your income and expenses.

     

    Each partner fills out the T2125 form to report their share (percentage) of the partnership’s income and expenses. You report the same information on the T2125, your percentage is taking into account once you add in your partner details and their percentage of ownership.

     

     

    For more information, please click: TurboTax T2125 Tax Form: Declare income and expenses from a business or profession

     

     

    Thank you for choosing Turbotax.

     

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