I have acquired the property in July 2024 and put on tax for 2024 and rented out until Mar 2025. It will be transferred with deed in lieu next week.
Once the deed in lieu is completed which means I don't the property anymore, shouldn't it removed my tax return for 2025. I won't have a mortgage after transfer. What is the reason to keep the property on my file after it has been transferred to the lender. This is where I am confused.
Plz advise
