Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
al-ptbx20
New Member

Adjusted cost basis for disposition of principal residence ?

 
1 Reply

Adjusted cost basis for disposition of principal residence ?

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