Does a taxable capital gain of $17,500 arise when property with a cost base of $350,000 is disposed of for $350,000? Because Turbo Tax thinks it does? How come?

[TurboTaxHeba]

The answer should be No.

We are not sure which product you are using to reproduce the issue, or what property are you disposing of. However, here is an example using TurboTax Online:

If you use the correct proceeds and the adjusted base cost boxes, you will not report any capital gains on Line 12700.

I hope this was helpful