$1$

Return to question

Anna Osinski acquired a townhouse unit in $2020$ for $$159,700($land $$10,000,$ building $$149,700).$ She bought the unit in order to rent it$.$ By the end of $2022,$ the undepreciated capital cost of the building was $$137,800.$ In August $2023,$ Anna decided to live in the unit herself. At that time, similar townhouses were selling for $$181,100($land $$16,000,$ building $$165,100).$ Prior to August, her $2023$ net rental income before capital cost allowance was $$1,300.$

In September $2023,$ Anna purchased, for rental purposes, a residential condominium unit for $$193,100($land $$20,000,$ building $$173,100.$ Between September and the end of the taxation year, the condo earned net rentals of $$1,200$ before capital cost allowance.

Required:

Determine the Change to Anna's $2023$ net income for tax purposes as a result of the above activity.

Answer is not complete.

$\backslash$table$[[$Taxable Capital gains:,$,],[$Less CCA,&$,86,550$