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 23, 2023 10:06:41 AM

I don't understand adjusted cost base in reference to the selling of my principle residence?

the explanation only mentions expenses in acquiring not selling.

0 1 293
1 Replies
Moderator
Apr 26, 2023 5:18:57 PM

Yes. The adjusted cost base is the cost of a property plus any expenses to acquire it.