N3A - Participation in trading partnerships, the Tax adjustments - basis tab

Enter positive or negative adjusted acquisition cost at the beginning of the year. The value is found at item 84 or 85 on last year's N3A tax form.

Capital contributions mean the gross deposits in the company, not the net of contributions and withdrawals. If you have made minor expenses for the trading partnership's expenses, it is not considered a capital injection in this respect.

It is not prohibited for shareholders or relatives of shareholders to borrow money from the trading partnership on terms that are more favorable than market conditions. On the other hand, the loan amount must in that case be included as a outgoing item when calculating the capital base

The transitional item must have been determined at the 1995 assessment. Each year, you must add the transitional item when the capital base is calculated.

A positive distribution amount that was not used for interest distribution in last year's tax return was stated on last year's N3A tax form. The amount increases the capital base for this year's new interest distribution.

Enter any expansion fund that has been allocated since previous tax declarations.