I am in receipt of a T5013 issued by my financial advisor for American Hotel Income Properties REIT. The T5013 includes amounts entered in boxes 247, 248 and 249 which apparently are related to excessive interest and financial expenses limitation (EIFEL) rules . These boxes do not appear to exist in any of the TurboTax T5013 forms. Any guidance on how to deal with the data in boxes 247, 248 and 249 would be greatly appreciated.
Thank you.
Boxes 247, 248 and 249 on the T5013 are used for Corporate (T2) and Trust (T3) tax returns only, and not for individual (T1) tax returns.
Boxes 247, 248 and 249 on the T5013 are used for Corporate (T2) and Trust (T3) tax returns only, and not for individual (T1) tax returns.
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