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Level 1
March 31, 2026
Question

'I sold my condo in 2025 for 350,000. I don't understand what I put under the adjusted cost base amount? What fees do I put there? Renos? Legal?

  • March 31, 2026
  • 1 reply
  • 6 views
This is under sale of principal residence

    1 reply

    TurboTax_Susan
    Level 15
    March 31, 2026

    The Adjusted Cost Base is usually equal to the acquisition cost of the property, plus the expenses incurred to acquire the property and the cost of any additions to it. Examples of expenses incurred to acquire property include legal fees, surveyor's fees, and assessment or brokerage fees.