The capital gain should be reported on the Schedule 3. You can locate the Schedule 3 under "Investments".
Since you both own the property (assuming 50% ownership each), you will report your 50% portion on your respective Schedule 3.
This is in addition to the amounts you need to report on the Rental Form (T776).
The capital gain should be reported on the Schedule 3. You can locate the Schedule 3 under "Investments".
Since you both own the property (assuming 50% ownership each), you will report your 50% portion on your respective Schedule 3.
This is in addition to the amounts you need to report on the Rental Form (T776).
Just reading this post, but I do not see where I capture the foreign tax credit, ie withholding tax. I understand, how to do the capital gain in Schedule 3, but not how to get the foreign tax credit into my T2209 which is driven by other forms? How do I enter the capital gain and the foreign tax credit on the sale of my house in California?
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