do you need to use the self employed tax return if you had a sale of a building? or can you use the deluxe
It depends on how you used the building while you owned it.
You only need to report the sale on Schedule 3 to claim the principal residence exemption. Deluxe handles this.
You need to calculate Capital Gains and Recapture (repaying previous tax breaks). Premier vesrsion has the specific "Rental" interview to help with this.
This is a business asset sale. To report the sale as part of your business activities, use the Self-Employed version (Form T2125).
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