High probability of small benefit, very low probability of HUGE loss.

Hi @Yousef Reda,Does CRA/IRS allow claiming of FX losses when converting from CAD to USD?

There loss!

In the years where there was no income or a loss, you may not need to file a return, since there was no tax due.

Bad excuse, cut your losses and get another flooring professional.

They get a huge tax write off as a loss as well. 

I am at a loss and I need educated guidance . 

so the only way to mitigate my losses from cap gains is to live there for one year and one day?

I feel that if I don't sign it for 6 month I will loss the contact and start all over again.

The rehab was completed in Mar 1984, and after several failed attempts to sell, including a sale to a buyer in July 1984, and then the buyer got a mortgage approved, then loss his job, then the mortgage company rescinded the mortgage approval.