rdolsson
New Member

I sold a parking space in my condo building for the same price I bought it for a couple of years ago. How do I claim this on my taxes?

When I bought my condo 2 years ago, I elected to add an extra parking space to the sale for $37,500. This year, I sold the extra space for $37,500. 

How do I claim this on my taxes to show that I broke even on the sale and that there was no capital gain?