Serbinski Accounting Firms

Thanks again. I think I didn't see that!

This has me more relieved.....because Canadian brokerages are responsible for issuing T5013s, then I deal with this using the T5013, using my Canadian tax return, and NOT the K-1 Brookfield is obliged to send me.

Thanks again...
:)

Yes, likely, but I still don't understand the implications. Sorry :(

Meaning, if these Brookfield assets are kept in registered accounts, hopefully nothing for me to do with the IRS - ever.

That's the clarification I need.

I need to know if I can ignore any K-1 Forms from Brookfield because I ...

Thanks for your help. I will hopefully get things confirmed with a tax expert.

Thanks very much for the reply...this is great.

So, just so I have this straight (since I cannot be the only BIP shareholder!)....

1) T1135 is a Cdn REPORTING mechanism. But, as per the link I sent and my understanding from BIP's site:
For the purpose of reporting foreign property by Canadian ...

Thanks for the reply.

Here are more details....

1. I hold BIP in my US RRSP. I didn't think I needed to file a U.S. tax return to the IRS because in Canada, BIP is in a registered account (RRSP). U.S. stocks or U.S. MLPs in a registered account avoid withholding taxes AND are not subject to ...

Hello,

I hope members of the forum can help me!!

I just got notices in the mail from a couple of Brookfield (BPY and BIP) companies. They are Schedule K-1 (Form 1065).

What do I need to do with these Forms? Confused...

1. I keep these companies in my US $$ TFSA and US $$ RRSP.

If I kept these ...