1) Tax term
Found on
https://www.crosswordclues.com/clue/adjusted-basis
In tax accounting, adjusted basis is the net cost of an asset after adjusting for various tax-related items. Adjusted Basis or Adjusted Tax Basis refers to the original cost or other basis of property, reduced by depreciation deductions and increased by capital expenditures. Example: Brad buys a lot for $100,000. He then erects a retail facility f...
Found on
http://en.wikipedia.org/wiki/Adjusted_basis
Price from which to calculate and derive capital gains or losses upon sale of an asset. Account actions such as any stock splits that have occurred since the initial purchase must be accounted for.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosa.htm
n. during the ownership, an asset loses or gains values because of costs of improvements, damage, devaluation, etc. The original cost is therefore, adjusted for all these losses or gains while calculating the worth, and is an adjusted basis. It is used in assessing the worth of a property for such purposes as auctioning, calculation of tax and reba...
Found on
http://www.encyclo.co.uk/local/21213
Price from which to calculate and derive capital gains or losses upon sale of an asset. Account acti
Found on
http://www.encyclo.co.uk/local/22402
- After a taxpayer's basis in property is determined, it must be adjusted upward to include any additions of capital to the property and reduced by any returns of capital to the taxpayer. Additions might include improvements to the property and subtractions may include depreciation or depletion. A taxpayer's adjusted basis in property is deducted f...
Found on
https://www.encyclo.co.uk/local/21071
No exact match found.
