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Vladmir owned a duplex that he rented to tenants. He acquired the property several years ago for $296,000. He used the straight-line method of cost
Vladmir owned a duplex that he rented to tenants. He acquired the property several years ago for $296,000. He used the straight-line method of cost recovery, which totaled $75,000. Vladmir, who is in the 32% marginal income tax bracket, sold the property in February of the current year for $330,000.
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Calculating Vladmirs Gain on Sale of Duplex 1 Adjusted Basis Original cost 296000 Cost recover...
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
