We purchased a condo for a parent to live in. We paid for it and also paid for all renovation and moving expenses from one province to another. We receive a monthly fee from the our parent but it does not cover all expenses, so we pay the balance. This is definitely not an investment to make a profit. The question is, do we even need to report this on our tax return. If yes, how and what information do we include?
Thanks, Heather
