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Anna OsinskI acquired a townhouse unit in 2019 for $120,000 (land $10,000, building $110,000 ). She bought the unit in order to rent It. By
Anna OsinskI acquired a townhouse unit in 2019 for $120,000 (land $10,000, building $110,000 ). She bought the unit in order to rent It. By the end of 2021, the undepreclated capital cost of the building was $103,500. In August 2022, Anna decided to IIve in the unit herself. At that time, similar townhouses were selling for $136,000 (land $12,000, building $124,000 ). Prior to August, her 2022 net rental income before capital cost allowance was $1,000. In September 2022, Anna purchased, for rental purposes, a residential condominium unit for $145,000 (Iand $15,000, building $130,000 ). Between September and the end of the taxation year, the condo earned net rentals of $900 before capital cost allowance. Required: Determine the Change to Anna's 2022 net Income for tax purposes as a result of the above activity. Less CCA Recapture Rents condo Rents townhouse Taxable Capital gains
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