Hi
Could you help me to to find a better solution with our principal residence in Canada
Our house has mutual ownership
This year I am in US on 3 year TN visa since March
My wife move to me in August
For how long we can sell our house as principal residence without taxes ?
- during one year of my leave?
- during one year of my wife's leave?
- some other special conditions?
How principal residence sales tax calculated if one of two owners is non resident?
Thanks
Pavel
Canadian principal residence with shared ownership
Moderator: Mark T Serbinski CA CPA
Re: Canadian principal residence with shared ownership
Your half: one year from when you left.
Her half, one year after she leaves.
Her half, one year after she leaves.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best