What AVERAGE BASIS means: A method of figuring basis that can be used only for sales of regulated investment company (including mutual fund) shares. The taxpayer can choose either the single-category or double-category method.
- Definition Actual Expenses (Regular Method):
- Dictionary The method of deducting automobile expenses based on actual costs incurred average basis definition.
- Definition Adjusted Gross Income (AGI):
- Dictionary Adjusted gross income equals gross income reduced by adjustments to income. This is the amount of income before subtracting exemptions and the standard deduction or itemized deductions average basis explain.
- Definition Active Participant:
- Dictionary A taxpayer who is covered by an employer-maintained qualified retirement plan, or a qualified self-employed retirement plan, if even for only one day during the year average basis what is.
- Definition Adjustment To Income:
- Dictionary An expense that may be deducted even if the taxpayer does not itemize deductions. Adjustments to income are subtracted from gross income to arrive at adjusted gross income average basis meaning.
How works Average Basis meaning in Tax definitions A .
