Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,215,696 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

adjusted tax basis

   Also found in: Legal, Wikipedia 0.01 sec.
Adjusted Basis
The cost of an asset after various deductions and additions such as depreciation, brokerage fees, or dividends. Tax on such an asset is calculated from the adjusted basis rather than the price that was actually paid.

adjusted tax basis
See adjusted basis.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
Based on this ruling, the debtor may have the following income tax consequences: * If the collateral and cash transferred are worth less than the nonrecourse portion of the debt, a gain or loss is realized on the difference between the nonrecourse debt and the sum of cash and the adjusted tax basis of the collateral.
Keep in mind, however, that if you own an interest in a pass-through entity, you can only deduct business losses only to the extent of your adjusted tax basis, which isn't necessarily equal to the balance in your capital account.
The developer has an ordinary loss equal to the difference between the developer's adjusted tax basis in the real estate and the fair market value of such real estate.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.