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al-ptbx20
April 12, 2023
Question

Adjusted cost basis for disposition of principal residence ?

  • April 12, 2023
  • 1 reply
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    1 reply

    TurboTaxSusan
    TurboTaxSusan
    April 14, 2023

    Adjusted cost base is usually the cost of a property plus any expenses to acquire it, such as commissions and legal fees.

     

    Adjustments can include items such as capital expenditures. If you’ve already included this amount in your entry for the adjusted cost base at the time of disposition, leave this field empty.

     

    Additional information can be found by visiting the CRA's section on adjusted cost base

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