Question about Principal Residence

TurboTax_Susan — Thu, 15 Jan 2026 22:31:02 GMT

I have sold my house and I am filling out the forms for Principal Residence, and it's asking me about Outlays and Expenses and Adjusted Cost Base. What should I put there?

Re: Question about Principal Residence

csha06 — Thu, 15 Jan 2026 22:51:47 GMT

Adjusted cost base includes any expenses incurred to acquire the property. For example, these include inspection fees, taxes, maintenance costs, etc.

Outlays and expenses are the costs incurred during the sale of a property. For example, advertising costs, commission fees, transfer and broker fees, etc are part of it.

For more information, you may check the site:

Definitions for capital gains

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Question about Principal Residence

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