Transfer net income (loss) from T5013S125 to T5013S1 line A in ProFile

This article contains info on how to create a link for transfer of net income (loss) amount from schedule T5013S125 to T5013S1 schedule.

• Partnership's income statement on Schedule 125
• Partnership's net income (loss) for income tax purposes on Schedule 1

Partnership's income statement on Schedule 125

1. On schedule 125, Non-farming expenses: In Operating expenses column A, row next to *9368 row, column A for Field Code, click the down-arrow to select Field Code 9369, and this will transfer the amount for code 9369 in column B.
2. Income Statement Information: Continued section, under Farming expenses column A for Field Code, click the down-arrow and select Field Code 9970 for Field Code 9369 amount transfer to code 9970 field.
3. Step-2 in turn will transfer the same amount to Field Code 9999 in the Extraordinary items.

Partnership's net income (loss) for income tax purposes on Schedule 1

The above process will result in a transfer of Partnership's net income (loss) after extraordinary items from the partnership's financial statements to schedule 1 line A.