In which year should the sale of a principal residence be reported when the offer date and sale happens over the year end? The client put the house up for sale in December 2022 and had an accepted offer before the year end. But the actual closing date was in January 2023. Also she had started living in her new place in December as well.
In that Folio at paragraph 2.15 it says ‘granted an option to purchase’ so I would understand that to mean an accepted offer. Am I correct on that?
Thanks for any thoughts