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V
vmalinoski
February 13, 2022
Question

Hi. To calculate the adjusted cost base do I use the numbers from when I purchased the home or sold it?

  • February 13, 2022
  • 1 reply
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    1 reply

    T
    Tweetynae25
    February 15, 2022

     

    The adjusted cost base of an asset is the price you paid to acquire it. The adjusted cost base can also include capital costs such as the cost of additions or improvements and legal fees.

     

    For more information, please see our TurboTax article. Calculating Adjusted Cost Base

    For more information, please see our TurboTax article. How to Calculate a Capital Gain or Loss

     

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