Is the total proceeds of disposition of my principal residence = Sale price - Adjusted cost base - sales expenses?. Turbo tax gives little information about it

I sold my principal residence, and It is not clear what information goes into the total proceeds of disposition in turbo tax.

489

Level 4

Mar 9, 2022 12:12:49 PM

The amount you received for the property after it was sold is known as the proceeds of disposition.

Also, please see Canada Revenue Agency (CRA) webpage for more information on terms associated with capital gains: Definitions for capital gains

For more information, please see our TurboTax article. Proceeds of Disposition

Thank you for choosing TurboTax.

New Member

Mar 9, 2022 12:58:37 PM

Thank you @Tweetynae25

I read the article and look for the information on Canada revenue but it nos not specific to when you sell your principal residence. I don't want to assume something, Usually, the CRA provides examples. Or even your guides for each specific screen in your program. But this is not the case. Do you have an article about the sale of a principal residence?

Why sign in to the Community?

Is the total proceeds of disposition of my principal residence = Sale price - Adjusted cost base - sales expenses?. Turbo tax gives little information about it