Line 12200 - Net partnership income (limited or non-active partners only)

Report, on line 12200 of your return, your share of the net income (or loss) from a partnership (other than from rental or farming operations) if you were one of the following:

• a limited partner

• a partner who was not actively involved in the partnership and not otherwise involved in a business or profession similar to that carried on by the partnership

If these two conditions do not apply to you, report your share of the partnership's net income (or loss) on the applicable self-employment line (13500, 13700, 13900, 14100 and 14300) of your return.

Report your net rental income (or loss) from a partnership on line 12600 of your return, and your net farming income (or loss) from a partnership on line 14100 of your return.

Attach a copy of the partnership's financial statement to your paper return if you did not receive a T5013 slip.

If you have a tax shelter, see "Other amounts you have to report on your return" on page 16.

If all or part of the income was earned in a province or territory other than your province or territory of residence, or if it was earned outside Canada, complete Form T2203, Provincial and Territorial Taxes for Multiple Jurisdictions.

See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required): Line 12200 - Net partnership income (limited or non-active partners only)

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