Rental Income

Rental income (losses) generally refers to the income or loss earned from ownership of properties that are rented/leased to another person. Generally, rental income is income from property. There are a few exceptions where it would be considered business income,…

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Superficial Losses

Sometimes, taxpayers that have realized substantial capital gains in a taxation year will attempt to recognize capital losses on other property that they do not truly want to dispose of, by selling and repurchasing the same property in a very…

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