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T2 reporting of T5013 information Corporate taxpayer is a limited partner receiving a T5013.

#1 User is offline   D C MacGregor Icon

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Posted 01 September 2011 - 02:35 PM

Corporate taxpayer is a limited partner receiving a T5013 from the limited partnership. There is lots of direction on the T5013as to how an individual reports the information reported on the T5013, but a total lack of any advice on how a corporate taxpayer might report the same information. Any suggestions re box 22 - Limited partnership business income (loss) and box 70 Capital gains (losses)?? Thanks for any assistance.
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#2 User is offline   samhill Icon

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Posted 01 September 2011 - 06:51 PM

View PostD C MacGregor, on 01 September 2011 - 07:35 AM, said:

Corporate taxpayer is a limited partner receiving a T5013 from the limited partnership. There is lots of direction on the T5013as to how an individual reports the information reported on the T5013, but a total lack of any advice on how a corporate taxpayer might report the same information. Any suggestions re box 22 - Limited partnership business income (loss) and box 70 Capital gains (losses)?? Thanks for any assistance.

Unless the limited partnership has the exact same year end, there will be timing differences, so no cookie cutter entries to Box A, Box B, etc.
Good Luck.
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