HOW WILL I CALCULATE THE ADJUSTED COST BASE AND TOTAL PROCEED DISPOSITION IN THE HOME SALE. I SOLD MY HOME FOR $841000, HOW SHOULD I CALCULATE?
The adjusted cost base (ACB) is usually the cost of a property plus any expenses to acquire it, such as commissions and legal fees.
“Disposition” refers to when you dispose of or get rid of a property. In most cases, the proceeds of disposition is the amount you received for the property.
Special rules can sometimes apply, for more information, please click:
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