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Do the last 2 partners of a 3 part ownership have to declare that the house was left to them after the death of 1 ?
October 30, 2019
11:01 AM
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Investors and rental owners
The estate will handle the deemed disposition of the 1/3 share and declare the value for proceeds. These proceeds become the addition to your Adjusted Cost Base (ACB) when you sell your share of the property in the future.
October 30, 2019
11:01 AM