Search found 3 matches

by mpmartin300
Tue Apr 26, 2016 1:17 pm
Forum: Canada / United States Tax & Accounting
Topic: How to report K-1 on Canadian Return?
Replies: 3
Views: 11231

Ok thanks, this helps. Yeah, I suppose the T5013 would be the equivalent on the Canadian side. Thanks for pointing this out.
by mpmartin300
Tue Apr 26, 2016 8:52 am
Forum: Canada / United States Tax & Accounting
Topic: How to report K-1 on Canadian Return?
Replies: 3
Views: 11231

No one has any experience with this? I'm looking for any help at all, just to see if I'm on the right track.

I read a very brief blog from Gena Katz from Ernst & Young and she seems to think it can all be reported on line 130 as other income, but I'm not sure. Seems to make sense I suppose. JGCA ...
by mpmartin300
Mon Apr 25, 2016 8:48 am
Forum: Canada / United States Tax & Accounting
Topic: How to report K-1 on Canadian Return?
Replies: 3
Views: 11231

How to report K-1 on Canadian Return?

I’m a US citizen living in Canada and received a 1065 Schedule K-1 slip from a Limited Partnership for the first time. I have no idea how to report this on the Canadian side and if I can even claim a foreign tax credit. I have amounts in boxes:

1. Ordinary business income
5. Interest income
6a ...