Self-employment amount not recognized by UFILE to qualify for NETFILE filing

[btwa]

I have entered T4A box 48 & box 28 into both the T4A section and under T2125P in the corresponding boxes for self-employment income. However in the review, it still tells me that I have not entered the amount in T2125P to qualify for NETFILE filing. Has anyone else encountered this? What do I do?

[StittsivlleMom]

Same - super frustrated - have tried entering it into the T2125, the T2125P...in Box 028...in Box 048 with the T4A as an entry, without the T4A as an entry...and keep getting the same message (unable to file electronically) no matter what...also think it is in sane that the phone line is not available until 9 am on the day tax filings are due???

[StittsivlleMom]

Talked to a person this morning - enter amount on T4A in box 048 AND enter amount on T2125 (or P) also on box 048 - regardless of whether it is in box 028 on your T4A...it seems to work then...

[Geo123]

Hello StittsivlleMom,

*T4A Box 048 – Multiple T4A’s / T2125 

 https://youtu.be/QjHnb2BM_4s

 

You received a T4A slip with an amount in Box 020 or Box 048 (or box 028) , for the professional service fees you earned.

Note that this amount does not include taxes.

To enter this amount in the program, follow the steps below:

1. On the "Left-side menu on the Interview tab", select "Interview setup".

2. On the screen that appears on the right, go to the "Pension" group and check the box "Pension income, other income and split pension income (T4A, T4A(OAS), T4A(P), T4A-RCA, T4RSP, T4RIF, T1032)". Then, go to the "Self-employment" group and check the box "Self-employment business income". If you paid tax by instalments, go to the group "Tax paid by instalments and tax transfer" and check the box "Tax paid by instalments and tax transfer" then click "Next" at the bottom of the page.

3. Return to the "Left-side menu on the Interview tab" and select "Pension income, T4A".

4. On the page appearing to your right, click on the plus sign "+" icon to the right of the line "T4A - Pension, retirement, annuity and other income".

5. On the new page generated, enter the amount shown in Box 048 of your T4A to the line "Fees for services (report this amount as a T2125 - Business or Professional income)", in box 048.

6. Return to the "Left-side menu on the Interview tab", select the item "Self-employment income" and on the page appearing on the right, choose the appropriate option, either "T2125 - Business income" or "T2125P - Professional income".

7. On the page "T2125 - Business identification", enter the name of the business on the line "Name of the business (or your own name if the business does not have one)", then enter the other information in the mandatory fields marked with a red asterisk.

8. On the field for "6-digit code from the North American Industry Classification System", enter the code that best describes your industry. If you do not know the code, click on the tool tip (the question mark) (?) next to the box to get the list.

9. On the line "Products or services and their respective percentage (%) in the total income (mandatory for a Quebec return)", in the field on the right, enter your main service or product and enter the percentage (%). If you have other products or services, click on the "plus sign +" icon on the right to generate another field.

10. On the next page, "Income, expenses", enter the amount from Box 048 of the T4A on the line "Fees for services (T4A Box 048) (Enter the total if you have more than one amount)". If you have expenses, enter them in the boxes corresponding to their description.

11. If you paid tax by instalments, return to the "Left-side menu on the Interview tab", select "Instalments and tax transfers" and on the screen to your right, choose the option "Income tax paid by instalments" and enter the amounts paid to the federal government and to the Quebec government for residents of this province.

12. For expenses, if your company is registered for the GST and HST (QST), these expenses must be entered before taxes to reflect the ITRs and ITCs that you claimed.

13. For residents of Quebec, if you wish to pay your registration fee for Quebec, return to the "Left-side menu on the Interview tab", choose the "Self-employment income" section in the screen located at right and choose the option ''Q438 - Quebec annual registration fee for the enterprise register''.

The gross amount will be carried over to lines 13499 or 13699, while the net income will be reported on lines 13500 or 13700 of the federal return. If applicable, this amount will also appear on line 154 of the Quebec return as well as line 25 of Quebec Schedule L. The program will also generate federal form T2125, as well as Quebec form TP-80 if applicable.