topic How do I determine &quot;adjusted cost base&quot; if I have cost or book value (box 20), proceeds of disposition (box 21) and quantity of securities (box 16) (for mutual funds)? in Investors and rental owners https://turbotax.community.intuit.ca/community/investments-rentals/discussion/how-do-i-determine-adjusted-cost-base-if-i-have-cost-or-book-value-box-20-proceeds-of-disposition/01/946898#M6708 <P>I'm assuming it's going to be a calculation of some sort. Can you give me a clear example of I give you the fake values for box 20 = 11, box 21 = 10, and box 16 = 50.85? I have taken a loss in the sale. I'm a bit frustrated that TurboTax doesn't match the layout of the T5008 and leaves me guessing.</P> Thu, 31 Oct 2019 12:15:05 GMT Kay-Eff 2019-10-31T12:15:05Z How do I determine "adjusted cost base" if I have cost or book value (box 20), proceeds of disposition (box 21) and quantity of securities (box 16) (for mutual funds)? https://turbotax.community.intuit.ca/community/investments-rentals/discussion/how-do-i-determine-adjusted-cost-base-if-i-have-cost-or-book-value-box-20-proceeds-of-disposition/01/946898#M6708 <P>I'm assuming it's going to be a calculation of some sort. Can you give me a clear example of I give you the fake values for box 20 = 11, box 21 = 10, and box 16 = 50.85? I have taken a loss in the sale. I'm a bit frustrated that TurboTax doesn't match the layout of the T5008 and leaves me guessing.</P> Thu, 31 Oct 2019 12:15:05 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/how-do-i-determine-adjusted-cost-base-if-i-have-cost-or-book-value-box-20-proceeds-of-disposition/01/946898#M6708 Kay-Eff 2019-10-31T12:15:05Z The error is with slip issuers in that hey don’t stick to... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/the-error-is-with-slip-issuers-in-that-hey-don-t-stick-to/01/946899#M6709 <P>The error is with slip issuers in that hey don’t stick to one format, nor do they calculate box 20 unless you ask them to.&nbsp;</P><P>ACB box 20 is not calculable from box 21, they are separate items.</P><P>The equation to be solved is this:</P><P>(Net Proceeds of Disposition)- (ACB of assets disposed of) = Capital Gain/Loss</P><P>Net Proceeds will be box 21 less any costs incurred in selling the assets .</P><P>ACB is the original cost, with adjustments for any subsequent purchases or return of capital.</P><P>See CRA Guide to Mutual Funds forexamples of ACB calculation.</P> Thu, 31 Oct 2019 12:15:06 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/the-error-is-with-slip-issuers-in-that-hey-don-t-stick-to/01/946899#M6709 TonyC11 2019-10-31T12:15:06Z
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topic How do I determine &quot;adjusted cost base&quot; if I have cost or book value (box 20), proceeds of disposition (box 21) and quantity of securities (box 16) (for mutual funds)? in Investors and rental owners
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/how-do-i-determine-adjusted-cost-base-if-i-have-cost-or-book-value-box-20-proceeds-of-disposition/01/946898#M6708
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<P>I'm assuming it's going to be a calculation of some sort. Can you give me a clear example of I give you the fake values for box 20 = 11, box 21 = 10, and box 16 = 50.85? I have taken a loss in the sale. I'm a bit frustrated that TurboTax doesn't match the layout of the T5008 and leaves me guessing.</P>
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<pubDate>Thu, 31 Oct 2019 12:15:05 GMT</pubDate>
<dc:creator>Kay-Eff</dc:creator>
<dc:date>2019-10-31T12:15:05Z</dc:date>
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How do I determine "adjusted cost base" if I have cost or book value (box 20), proceeds of disposition (box 21) and quantity of securities (box 16) (for mutual funds)?
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/how-do-i-determine-adjusted-cost-base-if-i-have-cost-or-book-value-box-20-proceeds-of-disposition/01/946898#M6708
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<P>I'm assuming it's going to be a calculation of some sort. Can you give me a clear example of I give you the fake values for box 20 = 11, box 21 = 10, and box 16 = 50.85? I have taken a loss in the sale. I'm a bit frustrated that TurboTax doesn't match the layout of the T5008 and leaves me guessing.</P>
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<dc:creator>Kay-Eff</dc:creator>
<dc:date>2019-10-31T12:15:05Z</dc:date>
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The error is with slip issuers in that hey don’t stick to...
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/the-error-is-with-slip-issuers-in-that-hey-don-t-stick-to/01/946899#M6709
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<P>The error is with slip issuers in that hey don’t stick to one format, nor do they calculate box 20 unless you ask them to.&nbsp;</P><P>ACB box 20 is not calculable from box 21, they are separate items.</P><P>The equation to be solved is this:</P><P>(Net Proceeds of Disposition)- (ACB of assets disposed of) = Capital Gain/Loss</P><P>Net Proceeds will be box 21 less any costs incurred in selling the assets .</P><P>ACB is the original cost, with adjustments for any subsequent purchases or return of capital.</P><P>See CRA Guide to Mutual Funds forexamples of ACB calculation.</P>
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<pubDate>Thu, 31 Oct 2019 12:15:06 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/investments-rentals/discussion/the-error-is-with-slip-issuers-in-that-hey-don-t-stick-to/01/946899#M6709
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<dc:date>2019-10-31T12:15:06Z</dc:date>
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