Tax basis
id:
tax-basis-305-1044030
title:
Tax basis
text:
Under U.S. federal tax law, the tax basis of an asset is generally its cost basis. Determining such cost may require allocations where multiple assets are acquired together. Tax basis may be reduced by allowances for depreciation. Such reduced basis is referred to as the adjusted tax basis. Adjusted tax basis is used in determining gain or loss from disposition of the asset. Tax basis may be relevant in other tax computations. Tax basis of a member's interest in a partnership and other flow-thro
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Tax_basis
date created:
date modified:
2023-06-30T01:30:43Z
main entity:
{"identifier":"Q43900340","url":"https://www.wikidata.org/entity/Q43900340"}
image:
fields total:
13
integrity:
13