T2125 Business or Professional Activities

Updated: 2022-05-09

Prepare a federal T2125 Statement of Business or Professional Activities in TaxCycle T1. Learn how to:

  • Create a new T2125 form

  • Import information from Excel®

  • Enter business-use-of-home expenses

  • Complete the T1139 reconciliation for business income for tax purposes

  • Complete the T2125 for a partnership

  • Share T2125 spouses and partners

  • Smart Copy/Paste T2125 with partners

  • Handle a business that creates a multiple jurisdiction return

Date of broadcast: September 25, 2020

Presented by: Elizabeth Kohl