To calculate your capital gain or capital loss, subtract the total of your property's ACB, and any outlays and expenses you incurred to sell it, from the proceeds of disposition.
Profit is calculated by taking into account the fluctuations of the capital at the beginning and at the end of the year, by adding the drawings, and by deducting the capital introduced to the capital at the end of the year.
f the capital gain is $50,000, this amount may push the taxpayer into the 25 percent marginal tax bracket. In this instance, the taxpayer would pay 0 percent of capital gains tax on the amount of capital gain that fits into the 15 percent marginal tax bracket.
Learn more about the properties here
https://brainly.com/question/12892403
#SPJ4
