timc Posted April 16, 2023 Report Posted April 16, 2023 I had moved out of one home (House A) in 2020, and into another (House B). I rented out House A. In 2022, I sold the House A. For my principal residence designation, I'd like to do the following: 2019 - House A 2020 - House A and B (the plus one rule) 2021 - House B 2022 - House B I need to report the sale of House A in 2022. The "Number of tax years ending after acquisition date" would be 3 (2020 - 2022). But I can't seem to get UFile to properly assign the "plus one rule". If I Designate 2020 as the principal residence, UFile will give me one extra year in T2091 (a total of 2 principal residence years), meaning I'd get a capital gain of 1/3 of the total capital gain. But if I don't designate 2020 as the principal residence (ie. I leave that section blank), the line 20 of T2091 (Line 4 plus 1) is set to 0, and I'm on the hook for the entire capital gain. Could someone help me understand how to set this? Quote
timc Posted April 17, 2023 Author Report Posted April 17, 2023 To be clear, I want to designate just one year as principal residence. But UFile can't do that - it only gives me 0 years, or 2 years. Quote
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