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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?
April 1, 2023
5:54 PM
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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.
April 9, 2023
11:46 AM
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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
Thank you for choosing TurboTax.
April 10, 2023
8:19 AM