question archive Michael disposed of 2 residential properties during the year
Michael disposed of 2 residential properties during the year
Subject:LawPrice: Bought3
Michael disposed of 2 residential properties during the year. The details of the disposition are as follows:
Jeff disposed of two residential properties during the year. The details of the dispositions are as follows:
Proceeds Cost Years Owned
Cottage $1,1000,000 $500,000 2015-2019
House $1,500,000 $600,000 2010-2019
What is the minimum taxable capital gain that must be included in Jeff's 2019 personal tax return?
