Colin Rtzgerald sold capital properly in 2021 for $600,000 and incurred $24.000 in sclling cos1s....
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Accounting
Colin Rtzgerald sold capital properly in 2021 for $600,000 and incurred $24.000 in
sclling cos1s. The property had an adjusted costbasc of $17 6,000. Colin received
$150,000 at the1imc of the sale and a note for the balance. The note ls to be repaid
over nine years in equal instalments of $50.000. commencing in 2022.
Determine Ille minimum taxable capital gain to be reported by Colin in 2021. 2022.
and 2023.
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