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Investors and rental owners
On which line exactly on Schedule 3 would you show this capital gain? To clarify, invested $180,000 in the LP in 2022 and throughout the year received $13,222.74 distributions as Return of Capital. In 2023, the original $180,000 investment was returned and a T5013 was issued with boxes 105, 106, and 113 filled in, and nothing in Box 30 (Total Capital Gains/Losses). My understanding is that the ROC must now be declared as Capital Gains on the income tax return. But where exactly do you do this? I see nothing on Schedule 3 that fits this situation, or is there somewhere else on the return where you would report this?
‎April 12, 2024
5:15 PM