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please answer and show calculations Anna Osinski acquired a townhouse unit in 2020 for $145,200 (land $10,000, building $135,200 ). She bought the unit in
please answer and show calculations
Anna Osinski acquired a townhouse unit in 2020 for $145,200 (land $10,000, building $135,200 ). She bought the unit in order to rent it. By the end of 2022, the undepreciated capital cost of the building was $125,300. In August 2023, Anna decided to live in the unit herself. At that time, similar townhouses were selling for $164,600 (land $14,500, building $150,100 ). Prior to August, her 2023 net rental income before capital cost allowance was $1,200. In September 2023, Anna purchased, for rental purposes, a residential condominium unit for $175,500 (land $18,200, building $157,300 ). Between September and the end of the taxation year, the condo earned net rentals of $1,100 before capital cost allowance. Required: Determine the Change to Anna's 2023 net income for tax purposes as a result of the above activityStep by Step Solution
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