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N
nynke
February 21, 2024
Question

Cost base

  • February 21, 2024
  • 1 reply
  • 0 views

I understand about the Cohan rule on offsetting cost base for the Capital Gains tax. We cannot apply the residence rule so do I understand correctly that we cannot exclude the $250.000 exoneration on the profit of the sale?

    1 reply

    J
    JulieS
    February 21, 2024

    We'd love to help you complete your tax return, but need more information. Can you please clarify your question?

     

    Are you asking about selling your home, or something else?

     

    Not sure what you mean by "we cannot exclude the $250.000 exoneration on the profit of the sale?"

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