I went from 25% ownership to 0% ownership of the home. No monetary transaction occurred. Just myself changing ownership of my primary residence. Is this considered a sale?
This might be considered a “Deemed Disposition”. You didn’t actually sell anything, but you no longer own property that you used to own – and someone else now owns it.
You should check with the
CRA to be sure: https://turbotax.community.intuit.ca/replies/2647704
ShaunaRC
Level 2
skyquick
New Member
avnish15
New Member
dchiu07@gmail.co
New Member
andriani2015
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.