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posted Mar 4, 2023 4:42:53 PM

With reporting adjusted cost base of the sale of a principal residency, my husband and I owned 50% each, do I split the amount 50/50 or leave 1 total

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1 Replies
Level 2
May 1, 2023 12:31:32 PM

Hi @wilsonanutooshki ,

 

I hope you're having a great day.

 

If you both owed the property 50/50, then you would each complete your own T2091 form and each claim 50% of the adjusted cost base of the principal residence.

 

I hope that helps answer your question.