Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 11, 2023 7:53:05 PM

Adjusted cost basis for disposition of principal residence ?

0 1 216
1 Replies
Moderator
Apr 14, 2023 1:43:32 PM

Adjusted cost base is usually the cost of a property plus any expenses to acquire it, such as commissions and legal fees.

 

Adjustments can include items such as capital expenditures. If you’ve already included this amount in your entry for the adjusted cost base at the time of disposition, leave this field empty.

 

Additional information can be found by visiting the CRA's section on adjusted cost base