# T2091 capital gain on rental property

**URL:** <https://www.protaxcommunity.com/t/t2091-capital-gain-on-rental-property/1390>\
**Category:** Tax Topics\
**Created:** [August 11, 2017, 8:54pm UTC](https://www.protaxcommunity.com/t/t2091-capital-gain-on-rental-property/1390 "2017-08-11T20:54:37Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![NiceGuy](https://avatars.discourse-cdn.com/v4/letter/n/8edcca/32.png) [@NiceGuy](https://www.protaxcommunity.com/u/NiceGuy)\
**Post date:** [August 11, 2017, 8:54pm UTC](https://www.protaxcommunity.com/t/t2091-capital-gain-on-rental-property/1390/1 "2017-08-11T20:54:37Z")

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Hello,

Hey guys,

You own a home use it as your primary residence then later buy a bigger home and leave the old one to be rented out.  
Finally you sell the rental home.

Now you must book the CG on T2091 correct?

I have heard an alternate method,

CG = Proceeds - cost(FMV when the change of use occurred) -outlays  
(the basis of this is - the rental unit was not a personal use property)

Thoughts

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**Author:** ![dklassencga](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/dklassencga/32/126_2.png) [@dklassencga](https://www.protaxcommunity.com/u/dklassencga)\
**Post date:** [August 16, 2017, 8:26pm UTC](https://www.protaxcommunity.com/t/t2091-capital-gain-on-rental-property/1390/2 "2017-08-16T20:26:33Z")

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Please don’t ask the same question in two threads. Your question has been answered in the thread whose title ends “- Ontario”

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**Author:** ![BertMulderCGA](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/bertmuldercga/32/42_2.png) [@BertMulderCGA](https://www.protaxcommunity.com/u/BertMulderCGA)\
**Post date:** [August 18, 2017, 3:24am UTC](https://www.protaxcommunity.com/t/t2091-capital-gain-on-rental-property/1390/3 "2017-08-18T03:24:37Z")

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Closed on August 18, 2017, 3:24am UTC