In tax accounting, adjusted basis is the net cost of an asset after adjusting for various tax-related items.[1]
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: Muhammad 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).
Adjusted basis is one of two variables in the formula used to compute gains and losses when determining gross income for tax purposes. The Amount Realized – Adjusted Basis tells the amount of Realized Gain (if positive) or Realized Loss (if negative).
^Bragg, Steven (2023-06-01). "Adjusted basis definition". AccountingTools. Retrieved 2023-07-26.
accounting, adjustedbasis is the net cost of an asset after adjusting for various tax-related items. AdjustedBasis or Adjusted Tax Basis refers to the...
Look up Basis or basis in Wiktionary, the free dictionary. Basis may refer to: Adjustedbasis, the net cost of an asset after adjusting for various tax-related...
Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When a property...
realized exceeds the amount of adjustedbasis, the taxpayer has realized a gain at the time of disposition. If the adjustedbasis exceeds the amount realized...
taxpayer’s adjustedbasis is $85,000. Recomputed basis under IRC 1245(a)(2) basically means, with respect to any property, its adjustedbasis recomputed...
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...
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The IRS defines a capital gain or loss as “the difference between the adjustedbasis in the asset and the amount you realized from the sale”. Capital gains...
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Groupon reported a 2011 fourth-quarter loss of $9.8 million on an adjustedbasis, disappointing investors. Additional investor concerns arose after the...
property. Gain is measured as the excess of proceeds over the taxpayer's adjustedbasis in the property. Losses from property may be allowed as tax deductions...
sample size. The adjusted R2 can be negative, and its value will always be less than or equal to that of R2. Unlike R2, the adjusted R2 increases only...
gross income or adjusted gross income. Gifts and inheritances are excluded. Gross income is reduced by certain items to arrive at adjusted gross income....
EV/EBITDA to compare returns between equivalent companies on a risk-adjustedbasis. They can then superimpose their own choice of debt levels. In practice...
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according to Investcorp research, outperform larger hedge funds on a risk-adjustedbasis. In 2020, Investcorp merged its hedge fund business with Tages Group...
the highest-grossing war film unadjusted for inflation (and, on an adjustedbasis, second to Saving Private Ryan with $379 million), the fourth-highest-grossing...
must be an amount of tax capital, or basis, in question to be recovered. In other words, there is an adjustedbasis for determining a gain or loss for the...
Chemicals Codex, 4-MeI in caramel color is allowed up to 250 ppm on a color-adjustedbasis, which means 250 ppm maximum for every 0.100 color absorbance of a 0...
Full-Year 2023 Revenue of $60.5 Billion, Up 14% on a Reported Basis and 15% on an FX-AdjustedBasis". Stock Titan. January 26, 2024. Archived from the original...
above or below adjusted gross income, which is item 37 on the tax year 2017 1040 tax form. Tax deductions above the line lessen adjusted gross income,...