Adjusted basis
In tax accounting, adjusted basis is the net cost of an asset after adjusting for various tax-related items. Adjusted Basis or Adjusted Tax Basis refers to the original cost or other basis of property, reduced by depreciation deductions and increased by capital expenditures. Example: Brad buys a lot for $100,000. He then erects a retail facility for $600,000, then depreciates the improvements for tax purposes at the rate of $15,000 per year. After three years his adjusted tax basis is $655,000 [$100,000 + $600,000 - (3 x $15,000)].
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Adjusted Basis (Real Estate)Adjusted Basis (real estate)Adjusted cost baseAdjustment (law)BasisCarryover basisCharitable contribution deductions in the United StatesGross incomeIndex of law articlesIndex of real estate articlesLoss on sale of residential propertyNonrecognition provisionsNonrecourse debt
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Adjusted basis
In tax accounting, adjusted basis is the net cost of an asset after adjusting for various tax-related items. Adjusted Basis or Adjusted Tax Basis refers to the original cost or other basis of property, reduced by depreciation deductions and increased by capital expenditures. Example: Brad buys a lot for $100,000. He then erects a retail facility for $600,000, then depreciates the improvements for tax purposes at the rate of $15,000 per year. After three years his adjusted tax basis is $655,000 [$100,000 + $600,000 - (3 x $15,000)].
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In tax accounting, adjusted ba ...... r Realized Loss (if negative).
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988,506,484
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In tax accounting, adjusted ba ...... 0 + $600,000 - (3 x $15,000)].
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Adjusted basis
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