deemed disposition
Moderator: Mark T Serbinski CA CPA
deemed disposition
Hi, as to the deemed disposition, can I add deemed realtor and lawyer's fee on top of the fair market value in calculating the deemed capital gain/loss? Thanks!
Re: deemed disposition
There is no "deemed disposition" on Cdn real estate, unless you are making a special election for investment property.
Are you asking about the cost of the evaluation? Since you are not selling, I believe that would simply be an expense against the properties income.
Are you asking about the cost of the evaluation? Since you are not selling, I believe that would simply be an expense against the properties income.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing 
Re: deemed disposition
This appears not to be a cross-border question. It is a change of use issue. Lots of expert help on that in other forums.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
Re: deemed disposition
nelsona wrote:
> There is no "deemed disposition" on Cdn real estate, unless you
> are making a special election for investment property.
>
> Are you asking about the cost of the evaluation? Since you are not selling,
> I believe that would simply be an expense against the properties income.
Hi! May I know, what do you mean by "special election for investment property"??
> There is no "deemed disposition" on Cdn real estate, unless you
> are making a special election for investment property.
>
> Are you asking about the cost of the evaluation? Since you are not selling,
> I believe that would simply be an expense against the properties income.
Hi! May I know, what do you mean by "special election for investment property"??