| basis |
Original cost of property plus value of any improvement put on by the seller and minus the depreciation taken by him.
Ãâó: www.hawaiimlshomefinder.com/realestateglossaryb.as...
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| basis |
The total amount paid for a property, including equity capital and the amount of debt incurred.
Ãâó: www.realtor.org/NCommSrc.nsf/pages/GlossaryB
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| basis |
The basic chemical and/or the physical principles on which the method is founded.
Ãâó: narsto.esd.ornl.gov/Compendium/methods/definitions...
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| basis |
The original cost, plus out of pocket expenses, of an asset (such as property, stock, or a business interest) that is used to determine gain or loss when the asset is disposed, whether through sale, gift, or bequest. The basis is affected by the nature of the transaction by which the asset was acquired. For example, property received as a gift will have a different method of basis determination than property purchased at fair market value.
Ãâó: www.financeadvocate.com/Dictionary/b.htm
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| basis |
The financial interest an owner of an investment property has, as determined by the Internal Revenue Service, in order to determine annual depreciation and gain or loss on the sale of the asset Adjusted Basis: When property is purchased, the owner's basis is calculated to be the property cost plus the value of any capital expenditures for improvements made, minus any depreciation taken
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