If I was given stock options (options not stocks) valued at $5000 and I cashed out $6000, what is my proceeds disposition? What is my adjusted cost?

 

Investors and rental owners

To calculate the ACB of your eligible securities, add the following two amounts:

  • the actual purchase price
  • any amount included in your income as a taxable employee option benefit for the securities (even if you claimed a security option deduction for them)

Your proceeds of disposition are what you sold them for.

Investors and rental owners

If you acted on this stock option, the proceeds of disposition would be $6,000 and the adjusted cost base would be $5,000.

To learn more, please read this TurboTax article: Proceeds of Disposition 

 

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