[jostro]

I received my T4a's for 2010 and want to show them on my T2125.
I think I have to enter them in the T4a sheet (box 28) but how can I show them on my T2125 without it double taxing me?
On the T2125, if I type in the total number form the T4a I get double taxed, if I don't it shows 0. How can I link these numbers?
Thank you,

[Dink Meeker]

With Box 20 and Box 48 there is a "transfer income to" line below each one. Box 28 is a Line 130 item.... doesn't really transfer to a self-employment schedule.

[jostro]

Thanks for your help. I spoke with CRA and they said I should ammend the T4a to box 48, apparently its new this year.

[Arliss]

jostro, on 18 February 2011 - 11:58 AM, said:

Thanks for your help. I spoke with CRA and they said I should ammend the T4a to box 48, apparently its new this year.

I miss Joe right about now.

[PeteP]

Arliss, on 19 February 2011 - 07:32 PM, said:

I miss Joe right about now.

Rumor has it that Intuit has been going after and have already banned many/most of the knowlegable and Qualified Professional Tax Accountants who used to contribute to this board, and has just started a new wave of doing so.





Draw you own conclusions.

[Tim Parris]

Dink Meeker, on 18 February 2011 - 11:09 AM, said:

With Box 20 and Box 48 there is a "transfer income to" line below each one. Box 28 is a Line 130 item.... doesn't really transfer to a self-employment schedule.

Mechanically, that is what the CRA wants you to do. Is it correct though?

[Peter@Intuit]

jostro, on 18 February 2011 - 10:58 AM, said:

Thanks for your help. I spoke with CRA and they said I should ammend the T4a to box 48, apparently its new this year.

Hi Jostro,

As Dink Meeker points out, Box 20 and Box 48 on the T4A input sheet has functionality built in for you to transfer amounts to the relevant business statement.

The T4A slip was redesigned in 2010. In the prior years, many types of income were being lumped into box 28. The issue that some users were having was that CRA slip matching procedures would often expect amounts to be reported on line 130, even though the user properly reported certain amounts on a business statement. With the slip redesign, we believe that this will correct this processing issue.

If you received a slip in 2010 with an amount in Box 28, but you believe the amount should be reported on box 48, it might be a good idea to have the slip amended, otherwise, you might get reassessed by the CRA for not reporting income where they would expect it.

[Arliss]

Peter@Intuit, on 01 March 2011 - 09:58 AM, said:

Hi Jostro,

As Dink Meeker points out, Box 20 and Box 48 on the T4A input sheet has functionality built in for you to transfer amounts to the relevant business statement.

The T4A slip was redesigned in 2010. In the prior years, many types of income were being lumped into box 28. The issue that some users were having was that CRA slip matching procedures would often expect amounts to be reported on line 130, even though the user properly reported certain amounts on a business statement. With the slip redesign, we believe that this will correct this processing issue.

If you received a slip in 2010 with an amount in Box 28, but you believe the amount should be reported on box 48, it might be a good idea to have the slip amended, otherwise, you might get reassessed by the CRA for not reporting income where they would expect it.

Good answer. Joe's would have been more entertaining though. :)

[Tim Parris]

The problem is that people issuing the slips are likely to continue to use box 28 anyway since they used that box last year. I think that the CRA should have removed that box entirely.

[nospamthankyou]

Hi Peter,

Do you know how to do this in TurboTax?

I am trying to transfer the amount from T4a - box 48 to my T2125

Peter@Intuit, on 01 March 2011 - 02:58 PM, said:

Hi Jostro,

As Dink Meeker points out, Box 20 and Box 48 on the T4A input sheet has functionality built in for you to transfer amounts to the relevant business statement.

The T4A slip was redesigned in 2010. In the prior years, many types of income were being lumped into box 28. The issue that some users were having was that CRA slip matching procedures would often expect amounts to be reported on line 130, even though the user properly reported certain amounts on a business statement. With the slip redesign, we believe that this will correct this processing issue.

If you received a slip in 2010 with an amount in Box 28, but you believe the amount should be reported on box 48, it might be a good idea to have the slip amended, otherwise, you might get reassessed by the CRA for not reporting income where they would expect it.

[Easter1]

nospamthankyou, on 06 March 2011 - 03:01 PM, said:

Hi Peter,

Do you know how to do this in TurboTax?

I am trying to transfer the amount from T4a - box 48 to my T2125

Ask the issuer to re-issue the slip correctly!

[Peter@Intuit]

nospamthankyou, on 06 March 2011 - 04:01 PM, said:

Hi Peter,

Do you know how to do this in TurboTax?

I am trying to transfer the amount from T4a - box 48 to my T2125

Hi NSTY,

I have not downloaded our 2010 version, but I noticed in the prior year, there was a program note stating that self-employment income reported in box 28 should be entered directly on the relevent business statement. If there is no box 48 this year, it is likely that you should continue to enter the information directly on the business statement.

You may wish to check on the Turbo Tax forums to verify.

Note to self: download current version of Turbo Tax. B)

Peter