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April 30, 2023
Question

What is a adjusted cost base, it is not a rental property

  • April 30, 2023
  • 1 reply
  • 0 views
I dont understand the adjusted cost base on selling my residential house

    1 reply

    TurboTaxSusan
    May 1, 2023

    The adjusted cost base is the cost of a property plus any expenses to acquire it. It's required on the Designation of a Property as a Principal Residence by an Individual Form -  T2091(IND) if you are selling your Principal Residence.