To determine your capital loss after selling foreign investments, you must subtract the adjusted cost base (the amount paid for the investment plus commission and fees) from the amount for which you sold the investment. If you are calculating capital loss for the sale of stock, do not include commission in the sale price.
No, you cannot offset. The purpose of Form T1135 is to identify a foreign property and not to calculate taxable income.
For more information, please click: Taxes From Selling Foreign Investments
Thank you for choosing TurboTax.
