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Showing results for tags 'Capital Gains'.
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Where exactly is capital gains reported in UFILE Tax Return Software for the sale of a house that was inherited.
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Hello. I completed on a pre-construction condo in Nov 2022 with a partner. We decide to sell it but it did not sell before the end of the year (2022). We relisted in Feb 2023 but it was not selling so in the mean time, allowed 2 students (partners kids) to live in it for remainder of school semester. No rental income (they simply paid utilities and fees) and we ended up selling in June 2023. With the new rules in place, I am unsure where I would enter this "gain" from the sale in the program. Is it no longer a capital gain and if not, where do I enter the details of the sale to include in Business income!? Appreciate any assistance 🙂
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- property
- investment property
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