RTO Tax Question after Tenant Buyer Purchases

dxg19

New Forum Member
REIN Member
Jun 4, 2008
18
0
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London,Ontario
#1
My question is in regards to the monthly option credit, do I calculate this in the totally monthly income, then subtract it from the sale price. Or do I just keep it off the monthly income and treat it as a deposit like a normal purchase.



Just trying to do my taxes and not sure which way to do it. This RTO was a 1 year deal and the tenant has fully purchased the home.



Thanks





David