Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
aberdeen2
New Member

Calculating adjusted cost base on sale of rental property

When calculating the adjusted cost base on the sale of rental property, can you include a payment for siding repairs. The money was received from the previous owner from an insurance payout, but they did not complete the repair before selling. 

 

Thanks

1 Reply

Calculating adjusted cost base on sale of rental property

You can't claim repairs or maintenance costs in your ACB. You can only claim things like additions or improvements (capital costs).