When calculating capital gain of a principal residence, how do I specify my ownership percentage? Is there a line # to specify the ownership allocation?
When calculating capital gain of a principal residence, how do I specify my ownership percentage? Is there a line # to specify the ownership allocation?
Look for T2091 to assist you with this. This form is used in conjunction with schedule 3, the form doesn't determine % allocations, but it what you need to report such transactions. You determine ownership by how much each person invested.
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