Do the last 2 partners of a 3 part ownership have ...

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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 ?

 
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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 ?

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.

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