Cost basis
id:
cost-basis-198-8821031
title:
Cost basis
text:
Basis, as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When a property is sold, the taxpayer pays/(saves) taxes on a capital gain/(loss) that equals the amount realized on the sale minus the sold property's basis. Cost basis is needed because tax is due based on the gain in value of an asset. For example, if a person buys a rock for $20, and sells the same rock for $20, there is no tax, since there is no profit. If, however, that per
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Cost_basis
date created:
date modified:
2023-08-16T15:53:28Z
main entity:
{"identifier":"Q5174756","url":"https://www.wikidata.org/entity/Q5174756"}
image:
fields total:
13
integrity:
13