Schedule K-1 supplement

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

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moi
Posts: 39
Joined: Sat Aug 13, 2011 9:47 am

Schedule K-1 supplement

Post by moi »

I am a Canadian, with an IRA.
Bought a stock which falls under this "partner's share" income partnership!
I made no money, I lost money on the trade, I do not want to claim the deduction. It is a small loss.
Do I need to file the paperwork for it?
Thank you.
moi
Posts: 39
Joined: Sat Aug 13, 2011 9:47 am

Re: Schedule K-1 supplement

Post by moi »

Need to add...
I live in Canada, and file only a Federal return., no state income tax to report.
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