Basis

What is it? In income taxes, the amount representing the taxpayers cost of an asset, against which any amount realized on its sale or other disposition is compared to determine the amount of taxable gain, if any, and which may be depreciated, if the asset is depreci

Added By: Aubrey

Send To Friends!

If you'd like to send the Basis definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Basis. If you need any more information on this term, please don't hesitate to contact us.