We encourage you to use them however, we will continue to accept other types of financial statements. To get these forms, go to CRA forms and publications. These forms can help you calculate your income and expenses for income tax purposes.
#TURBOTAX 2017 HOME AND BUSINESS SALE HOW TO#
How to fill in Form T2125, Form T2042 or Form T2121 To see if your partnership has to file a partnership information return, see Filing requirements for partnerships.
For more information, see Line 9945 – Business-use-of-home expenses. Also, fill in the "Calculating business-use-of-home expenses" chart if it applies to you. Fill in the "Other amounts deductible from your share of net partnership income (loss)" chart to claim any expenses for which the partnership did not reimburse you or any other amounts you may be able to deduct.Fill in the Net income (loss) before adjustments section.Fill in the Income section to report the partnership's income.If you are a partner in a partnership that does not have to file a partnership information return, fill in Form T2125, Form T2042 or Form T2121 as follows: box 126 for fishing (or box 103 if a limited partnership) of your T5013 slip, the amount you enter at line 9946 will be the same as the amount you entered at amount 5A of Form T2121.box 124 for farming (or box 101 if a limited partnership) of your T5013 slip, the amount you enter at line 9946 will be the same as the amount you entered at amount 5A of Form T2042.