Calculate the Canadian Net Rental Income for tax purposes with the following information. Real Estate Rental -

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Calculate the Canadian Net Rental Income for tax purposes with the following information.

Real Estate Rental - Commercial property Year of purchase 2014

Gross Rents $26,851

Property Tax $4,271

Insurance $1,284

Interest on Mortgage $1,576

Payment on principal $2,100

Furnace repairs $485

Maintenance contract $2,084

Building purchased for $220,000

UCC beginning of the year was $105,061

Fixtures purchased for $20,000

- UCC beginning for the year was $16,250

Posted Date: Nov 24, 2021 07:32 PM

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Calculate the Canadian Net Rental Income for tax purposes with the following information. Real Estate Rental -

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Expert Answer:

5446 WORKINGS Gross Rents 26851 Property Tax 4271 Insurance 1284 Interest ... View the full answer

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