Form T5004, Claim for Tax Shelter Loss or Deduction
Form T5004, Claim for Tax Shelter Loss or Deduction
If you are claiming a loss or deduction from an interest in a tax shelter, file Form T5004 with your return.
The promoter has to prepare Form T5003, Statement of Tax Shelter Information, and send copies to each investor. Attach copy 2 of Form T5003 to your return.
Use the following guidelines to complete your T2 return and schedules:
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for a gift, use line 311, 313, or 314 of the return, whichever applies
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for a limited partnership loss (see page 69), use lines 600 to 620 of Schedule 4, and line 222 of Schedule 1
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for a business investment loss, use lines 900 to 950 of Schedule 6
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for any other losses or deductions, use lines 395, 396 and 705 of Schedule 1
Reference
IC89-4, Tax Shelter Reporting
