When an individual converts his principal residence to a rental property, an election under ITA 45(2)is available to avoid having a deemed disposition based on a change in use. Briefly describe how this election works.

Question

Quizplus · Accepted Answer

The Answer of When an individual converts his principal residence to a rental property, an election under ITA 45(2)is available to avoid having a deemed disposition based on a change in use. Briefly describe how this election works.

When an Individual Converts His Principal Residence to a Rental