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posted Oct 29, 2019 11:59:32 PM

What do I enter for Principal Residence "Proceeds of disposition"?

Are the "Proceeds of disposition" the total amount that I received for the house or the difference between what I bought it for and sold it for? I sold it in early 2016 and this is the first year we're required to report it, even if no capital gains are owing.

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1 Best answer
Level 11
Oct 29, 2019 11:59:33 PM

The proceeds of disposition is the selling price of your home (not your profit).

1 Replies
Level 11
Oct 29, 2019 11:59:33 PM

The proceeds of disposition is the selling price of your home (not your profit).