Flow-Through SharesYour question is as follows: "Can my software manage flow-through shares?"
We assume that you are the individual who acquired these shares and not a limited partnership that would have issued a T5013.
1. On the "Left-side menu on the Interview tab", select "Interview setup".
2. On the screen on your right, go to the group "Investment income and expenses", check the box "Partnership income, tax shelters (T5013, T101, T5003, T5004, T1CP)" and click on " Next »at the bottom of the page.
3. Return to the "Left-side menu on the Interview tab" and choose the heading "Partnerships income, tax shelters".
4. On the right-side page, click on the plus sign "+" icon on the right of the line "T101 / RL-11 - Statement of resource expenses (flow-through shares)".
5. Enter your information on the page entitled "T101 / RL-11 - Statement of resource expenses".
6. If you borrowed money to acquire participation in a development corporation, you can deduct the interest charges on the borrowed amount, at the bottom of the page, in the line "Interest expenses - resource property".
The program will generate form T1229.
ID: 20191211130222DE.xml
Webpage: KPA330-20191211130222DE.htm