In Tax Accounting how do you find a basis if adjusted basis and fair market value is given?
November 28th, 2009 | by admin |
A has200 shares with an adj basis of 120000 and FMV of 250000 so in that case what will be the basis of A?
Your basis is your original cost, reduced by accumulated depreciation, if applicable, and increased by any additions you have made, and any cost of disposition. Adjusted basis vs market value = gain or loss
One Response to “In Tax Accounting how do you find a basis if adjusted basis and fair market value is given?”
By Don G on Nov 28, 2009 | Reply
Your basis is your original cost, reduced by accumulated depreciation, if applicable, and increased by any additions you have made, and any cost of disposition. Adjusted basis vs market value = gain or loss
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