For sale of principal residence. Do I put the actu...

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

For sale of principal residence. Do I put the actual sale price or the amount I profited in the proceeds box? Do I put the actual market value in the disposition box?

 
1 Reply
Highlighted
New Member

For sale of principal residence. Do I put the actual sale price or the amount I profited in the proceeds box? Do I put the actual market value in the disposition box?

The Adjusted Cost Base is the price you paid for the house.  The proceeds of disposition is the "selling price" of the house.       What you bought it for, what you sold it for.

v