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New Member
posted Mar 17, 2022 1:36:01 PM

How do I fill "Proceeds of disposition" and "Adjusted Cost Base" under the "Sale of your Principal Residence" section?

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1 Replies
Level 4
Mar 19, 2022 1:21:53 PM

The amount you received for the property after it was sold is referred to as the proceed of disposition. The Adjusted Cost Base (ACB) is the amount you pay to acquire the house.

 

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

For more information, please see our TurboTax article. Calculating Adjusted Cost Base

 

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