What ADJUSTED BASIS means: The cost or other original basis of property reduced by adjustments such as depreciation allowed or allowable and casualty losses, and increased by the cost of capital improvements, expenses of purchase, and other adjustments.
- Definition Acquisition Debt:
- Dictionary Debt incurred to acquire, construct, or improve the taxpayer's principal or secondary residence adjusted basis definition.
- Definition Amended Return:
- Dictionary on Form 1040X after the original return has been filed. An amended return is used to correct errors or to claim more advantageous ways of filing the original return. An amended return can also be adjusted basis explain.
- Definition Alimony Payments:
- Dictionary one spouse to the other spouse or former spouse under a separation or divorce agreement. Qualified alimony and separate maintenance payments are includible in the gross income of the recipient and adjusted basis what is.
- Definition Accountable Plan:
- Dictionary reimbursing employees for expenses such as meals, entertainment, travel, and transportation incurred for business purposes on behalf of the employer. A plan is an accountable plan if the employer adjusted basis meaning.
How works Adjusted Basis meaning in Tax definitions A .
