Line 251 – Limited partnership losses of other years

If you had limited partnership losses in previous years that you have not already claimed, you may be able to claim part of these losses this year.

You can carry forward limited partnership losses indefinitely, but you can only deduct them from the same partnership's income if you have a positive at-risk amount. For more information, see Interpretation Bulletin IT-232R3, Losses – Their Deductibility in the Loss Year or in Other Years or by calling 1-800-959-5525.

If you claim these losses, attach to your paper return a statement showing a breakdown of your total losses, the year of each loss, and the amounts claimed in previous years.

Completing your tax return

Box 109 of your T5013 slip shows the amount of limited partnership losses from prior years that may be entered on line 251 of your current year tax return. You can only deduct this loss if there is an amount in box 105.

Forms and publications

• Guide T-5000, General Income Tax and Benefit Guide
• Form Schedule 4, Statement of Investment Income
• Form T5013, Statement of Partnership Income
• Interpretation Bulletin IT232R3, Losses – Their deductibility in the loss year or other years

Related topics

• Line 122 – Net partnership income: limited or non-active partners only

Date modified:

2017-01-27