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Basis
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Basis
Basis of Stock
Bequest
Business Bad Debts
Business-Use Property
Boot
Business Assets
Business Gifts
Bankruptcy
Bearer Bond
Bad Debts
Bond
Definition of Basis:
Basis is the value assigned to an
asset
, upon sale, that you use to calculate
gain
or loss for tax purposes. Basis is calculated a number of different ways, depending on how the property is acquired to begin with.
