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.
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
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.
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
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"??