Do you have a tax shelter?

Entering this Amount (from Forms):

Reporting a tax shelter

To claim deductions or losses from tax shelter investments, complete Form T5004, Statement of Tax Shelter Loss or Deduction. Make sure you enter your tax shelter identification number.

Entering this Amount (from Interview):

Entering tax shelter deductions, losses, or credits (interview)

Enter amounts reported on T5013 slips through the T-slips entry screen.
Note: This feature is not supported for Free and Basic editions.

Before you enter this information, first, answer some questions in the Personal Tax Profile at the beginning of the interview.

  1. On the first Personal Tax Profile screen, answer Yes to the question "did you have income from investments? Investment income can include interest earned on investments, the sale of stocks or stock options, the sale of real property, and related investment expenses."
  2. Answer the questions that appear and select I am claiming a loss or a deduction for an interest in a tax shelter. Then, select Continue.
  3. Proceed through the interview and enter this information in the DEDUCTIONS & CREDITS section of the interview.
Related information
Business and professional income guide
Farming income guide
Fishing income guide
Rental income guide