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Investors and rental owners
For the Adjusted Cost Base (ACB) of the property, you are going to show $32,946.86. The HST is part of the cost of the property, and the legal fees etc are included with the adjusted cost base. The Proceeds of Distribution will be $39,000.00 and the Outlays and Expenses will be $5,640.81. The resulting capital gain will be $412.33.
‎October 29, 2019
9:49 PM