D Schedule K-1 (Form 1065) from Brookfield Infrastructure Partners - total distributions of $216. Does this have to be entered on her T1? Where?

Answer

First, this is foreign income and it is from a partnership. Use the FTC form for the amounts paid and any taxes withheld. 

Second, the taxpayer is supposed to file a 1040NR with the IRS in order to obtain the withheld funds which are usually thirty percent. The taxpayer will have to apply for a Taxpayer Identification Number with the 1040NR (the W7 form). K1 forms are being issued when there are exchange-traded funds, also. 


Stephen Nazar

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