During June, 2022, Ms. Janet Houston sells capital property with an ACB of $112,500, for $172,300. She
Fantastic news! We've Found the answer you've been seeking!
Question:
During June, 2022, Ms. Janet Houston sells capital property with an ACB of $112,500, for $172,300. She receives a down payment of $33,000 in cash, with the balance only due at the end of the following taxation year. What is the minimum amount that she will have to include in her income for 2022 as a result of the sale?
Expert Answer:
Posted Date:
