Serbinski Accounting Firms

This again is very helpful. I have looked in many places to try and find these answers. It is looking more and more like we should keep the principle in joint names and just bite the bullet when the property is sold in paying the capital gains. It likely won't be too much in the whole scheme of ...

That is very helpful. If we filed jointly in the year we sold the house could I push the gains down to 100k ie with my 250k deduction. We plan to stay in the property for the next 15 to 25 years so moving frequently won't be much of an option. If she gifts her half it to me I was thinking there ...

[quote="DougSnider"]I am just trying to decide whether to switch title of our primary residence from joint to just me. My spouse is a US citizen and has been in Canada for 14 years. I am Canadian. The cost base on the house is about 800k. It is worth about 1 million. In 10 years, if it is sold for 2 ...

I am just trying to decide whether to switch title of our primary residence from joint to just me. My spouse is a US citizen and has been in Danada for 14 years. I am Canadian. The cost base on the house is about 800k. It is worth about 1 million. In 10 years, If it is sold for 2 million what would ...