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daks

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  1. Hi. I have an investment property that I co-own with my wife. We sold the property. Let us say that Sale Value is $100,000. ACB is $60,000 and Expenses are $5,000. Capital Gains on sale of the depreciable property are $35,000. Taxable Capital Gains should be 50% of $35,000 i.e., $17,500. Since, I and my wife are co-owners, I was expecting that the software will show $8,500 each for me and my wife. However, the software is showing the capital gains of $17,500 each for me and my wife in Line 127 - it just doubled up. How do I fix this?
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