.25. Sale Of Principal Residence Ms. Jan Sadat owns a house in Ottawa as well as a cottage in Westport. She purchased the house in 2009 for $126,000. The cottage was gifted to her in 2012 by her parents. At the time of the gift, the fair market value of the cottage was $85,000. During June 2020, both properties are sold, the house for $198,000 and the cottage for $143,500. She has lived in the Ottawa house during the year, but has spent her summers in the Westport cottage. D

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