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New Member
posted Oct 30, 2019 4:49:38 PM

I sold my rental condo and buy another one in 2017, how do I report the capital gain/loss? Is the difference between them the capital gain I should report?

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New Member
Oct 30, 2019 4:49:40 PM

How you report the capital gain or loss depends on the product you are using. However, the capital gain or loss on the property sold is calculated by subtracting the adjusted cost base from the proceeds of disposition. The new asset would not have a capital gain until it is sold.