Primary residence converted into rental after marriage split then getting back together?
Saturday, January 30th, 2010 at
12:30 am
Comments (1)
My wife and I separated in 2007 and moved into a new house each. In 2008 we are back together and we are keeping only one property for living. We want to rent the vacant property for 1-3 years for appreciation in order to generate some profit. We are still trying to rent the property that is vacant for 2 months already. Question: In case we generate a capital loss, would Revenue Canada question it? We would appreciate if you could flag any potential issues and precautions that we should take…
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