Ben2366 Posted April 28 Report Share Posted April 28 I purchased a property in late-2021, did some work, then sold it in early-2022. Since the intent was to achieve gains on the flip, i've reported this using form t2125. When I report it this way, I face full tax rate on the entire gain as if it is income. Have I done this correctly or can it be reported as capital gains instead so that the taxes are half as much? Thanks! Quote Link to comment Share on other sites More sharing options...
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