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May 9, 2022
Question

Books to Tax question Do I change the numerical value for line 2009 from negative to positive in order to file taxes

  • May 9, 2022
  • 1 reply
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2009 - Total accumulated amortization of tangible capital assets is showing as a negative on GIFI line 2009

1 reply

May 9, 2022

Hi there.

 

Thanks for reaching out here.  It's essential that your values are accurate when completing your taxes.  I'll be happy to provide more information so you're on the right track with your QuickBooks goals!

 

GIFI codes are calculated in accordance to CRA specifications and can't be overridden.  However, you can adjust the sales tax amount when needed.  Here's a helpful guide for your reference.  Should you require additional assistance, I recommend speaking with your accountant.  If you don't have one, we can help you locate a ProAdvisor in your local area.

 

Feel free to reach back out with other questions.  We'd be glad to assist!