Question
Jeff disposed of two residential properties during the year. The details of the dispositions are as follows: Proceeds Cost Years Owned Cottage $550,000 $250,000 2014-2018
Jeff disposed of two residential properties during the year. The details of the dispositions are as follows:
Proceeds Cost Years Owned
Cottage $550,000 $250,000 2014-2018
House $750,000 $300,000 2009-2018
What is the minimum taxable capital gain that must be included in Jeff's 2018 personal tax return?
| $15,000 | |
| $30,000 | |
| $45,000 | |
| $67,500 |
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ISE Managerial Accounting Creating Value In A Dynamic Business Environment
Authors: Ronald Hilton, David Platt
12th Edition
1260566390, 9781260566390
