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Do capitol gains apply?
Do capitol gains apply? My wife has joint tenancy on her mother's property. Joint tenancy was entered in 2015 and a her mother passed away in 2015 after the joint tenancy agreement was put in place. My wife lived in the property for a couple of months in 2015. Can this property be designated principle residence for 2015? If not would the adjusted cost base be calculated from the date my wife became a joint tenant in 2015 or when the property was originally purchased in 2001 (significant difference in property value)?
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‎October 29, 2019
11:06 PM