Yo Yo
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I tried to file under Foreign capital gains - Real estate & other depreciable property
I tried to enter below information:
Date of acquisition: 2010-01-01
Date of disposition: 2023-12-31
Proceeds of disposition: 50
Adjusted cost base of the property: 100
Outlays and expenses relating to capital property dispositions: 5
No capital loss is calculated. Is it correct?
But on the other hand, If I put
Proceeds of disposition: 100
Adjusted cost base of the property: 50
Outlays and expenses relating to capital property dispositions: 5
It will show 45 as captial gain. I don't know what I did wrong. Please help.
Ufile not calculating Foreign property capital loss
in Credits and deductions
Posted
Thank you so much Geo.
May I clarify what depreciable property means? Is that means any house or apartment is a depreciable property?
I am not sure if i understand correctly, as I heard that if i have the capacity loss on selling my house, the loss I can be used on reducing the capacity gain of my investment house in future?
If yes, how should I report it?