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New Member
posted Mar 10, 2023 3:52:28 PM

How can I find out the original purchase price of a property my father sold in 2022, I need it for capital gains form?

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1 Replies
Level 2
Mar 11, 2023 5:33:12 PM

You can find it in the Sale Contract of the property. You will need the amount you received from disposing of capital property to calculate Capital Gain/Losses. Let’s say you originally purchased your property for $500,000, and it's then eventually sold for $650,000. This second number ($650,000) will be your proceeds of disposition amount.

 

For more information, visit TurboTax website: What are capital gains and losses 

 

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