Open TurboTax
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?
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:
Thank you for choosing TurboTax.
TurboTaxSusan
Moderator
henrybubbles
New Member
BAK63
New Member
damirb
Returning Member
Koliev1950
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.