How do I fill out form T1142 (Information return in respect of distributions from and indebtedness to a non resident trust)?The keyword Foreign-Info will open the group and allow you to select which information return you would like to complete. Choose T1142 and the keywords Trust-Info, Trust-Distr and Trust-Indebt will be available.Use the keyword Trust-Info to enter the name of the non resident trust from which the reporting taxpayer, at any time in the taxation year, received funds or property, or to which he was indebted. The keyword Trust-Distr will allow you to indicate the type of foreign property that you will be reporting as received from a non resident trust. Once you choose the type of foreign property, the relevant keywords needed to complete the form will be made available for data entry. If the reporting taxpayer was indebted to a non resident trust at any time in the taxation year, use the keyword Trust-Indebt to open the group of keywords needed to complete this section of the T1142 form. September 29, 1999 |
