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srichards73
April 2, 2023
Question

If I was given stock options (options not stocks) valued at $5000 and I cashed out $6000, what is my proceeds disposition? What is my adjusted cost?

  • April 2, 2023
  • 2 replies
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    2 replies

    TurboTaxSusan
    TurboTaxSusan
    April 9, 2023

    To calculate the ACB of your eligible securities, add the following two amounts:

    • the actual purchase price
    • any amount included in your income as a taxable employee option benefit for the securities (even if you claimed a security option deduction for them)

    Your proceeds of disposition are what you sold them for.

    K
    katherinetax
    April 10, 2023

    If you acted on this stock option, the proceeds of disposition would be $6,000 and the adjusted cost base would be $5,000.

    To learn more, please read this TurboTax article: Proceeds of Disposition 

     

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