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Sold duplex in 2020. Lived in one unit. Had tenant in other unit. How does Capital Gains work in this situation?
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May 1, 2021
9:33 AM
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Investors and rental owners
As per CRA, you will report the Capital Gains on the rental unit. However, you can still qualify for the Principal Residence Exemption (PRE) on the unit you lived in.
Please visit our TurboTax article for more details: What Can I Claim When Selling a Home?
If you require further assistance please contact our phone support team or contact us directly on Facebook or Twitter.
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December 19, 2021
5:36 PM