cost basis


cost basis
cost basis see basis 3

Merriam-Webster’s Dictionary of Law. . 1996.

cost basis
n.
The amount a taxpayer paid for an asset.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


cost basis
See: basis
Category: Personal Finance & Retirement → Taxes
Category: Real Estate & Rental Property → Selling a House
Category: Real Estate & Rental Property → Buying a House

Nolo’s Plain-English Law Dictionary. . 2009.

cost basis
USA
The basis of purchased property is usually its cost plus certain other expenses (such as sales tax, excise taxes, recording fees, capitalized legal & accounting fees, and certain other capitalized costs related to buying or producing property). This is referred to as a cost basis. Cost is the amount paid in cash, debt obligations, other property, or services. If property is acquired by gift, inheritance, in a tax-free reorganization or in some way other than purchasing it, the property will have a basis other than its cost (for example, see carryover basis).
See also

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


cost basis
=>> basis.

Webster's New World Law Dictionary. . 2000.

Look at other dictionaries:

  • Cost basis — Part of a series on Taxation Taxation in the United States …   Wikipedia

  • Cost Basis — 1. The original value of an asset for tax purposes (usually the purchase price), adjusted for stock splits, dividends and return of capital distributions. This value is used to determine the capital gain, which is equal to the difference between… …   Investment dictionary

  • cost basis — The original price of an asset, used to determine capital gains. Bloomberg Financial Dictionary * * * cost basis UK US noun [S] ► FINANCE the original price that something cost to buy, rather than what it is worth now, used, for example, to… …   Financial and business terms

  • Cost basis reporting — is a term used in the financial services industry that refers to identifying the actual cost of a security for income tax purposes. Cost basis reporting became mandatory on January 1, 2011. The Emergency Economic Stabilization Act of 2008 –… …   Wikipedia

  • Average Cost Basis Method — A way of calculating cost basis when figuring out gains or losses from a sale of mutual fund shares. This is done by adding up the number of shares owned as well as the total dollar amount of the shares; the dollar amount is divided by the number …   Investment dictionary

  • adjusted cost basis — For income tax purposes, original cost plus additions to capital less depreciation results in the adjusted cost basis. Herder v. Helvering, 70 U.S. App.D.C. 287, 106 F.2d 153, 162 …   Black's law dictionary

  • adjusted cost basis — For income tax purposes, original cost plus additions to capital less depreciation results in the adjusted cost basis. Herder v. Helvering, 70 U.S. App.D.C. 287, 106 F.2d 153, 162 …   Black's law dictionary

  • Фактическая стоимость (база) (ACTUAL COST (BASIS))  — 1. Стоимость приобретения или историческая стоимость.  2. Сумма, определяемая на основе понесенных затрат, в отличие от прогнозируемой стоимости. Включает нормативную стоимость, скорректированную в соответствии с приемлемым отклонением. В… …   Словарь терминов по управленческому учету

  • basis — ba·sis / bā səs/ n pl ba·ses / ˌsēz/ 1: something (as a principle or reason) on which something else is established the court could not imagine any conceivable basis for the statute see also rational basis 2: a basic principle o …   Law dictionary

  • cost — n 1: the amount or equivalent paid or charged for something 2 pl: expenses incurred in litigation; esp: those given by the law or the court to the prevailing party against the losing party Merriam Webster’s Dictionary of Law. Merriam Webster.… …   Law dictionary


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