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M
martin1234
Level 2
May 23, 2022
Question

Why does Profile automatically check T2 box 201?

  • May 23, 2022
  • 1 reply
  • 3 views

Why does Profile automatically check T2 box 201? The box is labelled:

"Is the net income/loss shown on the financial statements different from the net income/loss for income tax purposes?"

 

I'm wondering what values Profile is comparing, because mine are the same as far as I can tell.

This topic has been closed for replies.

1 reply

M
martin1234Author
Level 2
May 27, 2022

I chatted with two people in online support. The first wanted me to share my screen (I said no), and had no answer. The second said that Profile was just "asking", and I could override Box 201 if the numbers matched.

P
Pro4
Level 8
May 27, 2022

By default box 201 on the T2 jacket is unchecked. The box 201 is checked when there are entries on schedule 1. For example if an entry on schedule 8 posts to schedule 1 the box 201 will become checked.

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