Sorry didn't see your second response about the 75% from the income from the property

I'm selling a triplex for a client of mine, and the buyer will buy it,if the tenant who is month to month leaves or is evicted, what is the ruling on this in Ontario, just thought that i'd ask too see the response that i'd get here from Kitchener, Ont, Canada

I've talked to an individual I work with now, who has obtained several business licenses and has made the comment multiple times that I should pursue obtaining a license as well.

The price for the house is good (not great, but good) but the owner says that he won't ask the tenant to leave, and that it will be the responsibility of the new owner.

Thanks for the response @Lisa Williams.  

Since this is a sale, they are responsible for capital gains tax. 

It is a sophisticated and powerful retirement plan that puts you directly in control of your retirement savings, and directly responsible for adhering to IRS rules.  

Thanks Bill,I appreciate your quick response.

That is the question.If Toni's LLC is a single member llc that has not elected to be taxed as a partnership then the activity of the property is probably reported on her individual return.  

The seller's agent wasn't responsive throughout the process, and we even set up a visit through the mgmt company since she wouldn't really do anything.