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Level 2
posted Apr 17, 2022 3:50:21 PM

How to transfer US K-1 (form 1065) to T5013

Hello,

I bought IEP shares in my Canadian brokerage firm account, now I received the K-1(form 1065). Please help me and let me know how to transfer from K-1 to T5013 (or should IEP provide me with T5013 form)? In the K-1, there are numbers in Box1, 5, 6a, 6b, 8, 9a, 11, 13, 19, 20.

 

Thank you!

0 2 1373
2 Replies
Level 6
Apr 21, 2022 2:46:27 PM

You should receive a T5013 (the Canadian equivalent of a K-1) from either from your Canadian brokerage firm directly or your broker for distributions from a foreign ETF held in your brokerage.

 

Fore more information, please click: 

Taxtips.ca 

Tax Treatment of Income From Investments in Exchange-Traded Funds (ETFs)

 

 

Thank you for choosing Turbotax.

Level 2
Apr 21, 2022 7:29:27 PM

I called my Canadian brokerage firm, they asked me to contact the US stock company directly; I called the US company, they said they only issue K-1 to US investors, they do not issue T5013 to Canadian investors.