In 2016 my wife and I sold a home we owned in Arizona. We have all the cost/sale data in CDN funds. That said are there any expenses we are able to claim?

[TurboTax-AndreaW · Accepted solution]

When selling a vacation property you will need the following:

Proceeds of disposition: How much you sold it for converted to CAD

Adjusted Cost Base: How much you bought it for plus any expenses incurred to buy it and any capital expenditures (like and addition)

Outlays and Expenses: Such as real estate, legal expenses that you incurred when selling the house.  I have included the link below for further information.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/127/clc-rprt/djstd...