Reporting U.S. Limited Partnership Loss on Quebec TP1

[hodini]

I’m a dual U.S./Canadian citizen residing in Quebec. I received a Schedule K-1 (Form 1065) for a passive U.S. limited partnership real estate investment, which reports a loss on line 2 (Net rental real estate income/loss).

I can report the loss on my federal T1 (Line 12200) as a limited partner. However, I don’t have a Relevé 15 (RL-15) slip, so I’m unsure how to properly report this on my Quebec TP1.

How should I proceed in this case?

Thank you.

[edbeetroot]

As a dual U.S./Canadian citizen living in Quebec, you can report the loss from your U.S. Schedule K-1 (Form 1065, line 2) on your federal T1 return under line 12200 as a limited partner. For your Quebec TP1, even though you don’t have a Relevé 15 (RL-15), you can still report the loss on Schedule E under the section for foreign-source income from a partnership. Include a copy of the K-1 and a brief note explaining that this is foreign partnership income and no RL-15 was issued. This should be acceptable to Revenu Québec.