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help with tax question A taxpayer disposed of two homes in 2021, (both of which met qualifications of a principal residence), and moved to a
help with tax question
A taxpayer disposed of two homes in 2021, (both of which met qualifications of a principal residence), and moved to a new location in Manitoba. Home 1 has a capital gain of $135,000 and home 2 has a capital gain of $95,000. Home 1 was purchased in 2012 and home 2 was purchased in 2017. Calculate the taxable capital gain that the taxpayer will report on their 2021 tax return. (round to the nearest dolar) Step by Step Solution
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