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The adjusted cost base is usually the cost of a property plus any expenses to acquire it, such as commissions and legal fees. As an example, let’s say you purchased a property for $500,000, incurring $2,500 in legal fees in the process. The adjusted cost base on your new property would then be calculated as $502,500.
However, if you require any further information on how to record the sale of your house, please follow this link- https://turbotax.community.intuit.ca/turbotax-support/en-ca/help-article/sales-logistics/report-sale...
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March 30, 2023
10:50 AM