What BASIS OF STOCK means: If purchased, the amount paid for the stock. If the stock is received as a gift, basis is generally the basis of the previous owner or the fair market value when received. The basis of inherited stock is usually its fair market value on the date of the decedent's death.
- Definition Business-Use Property:
- Dictionary Property used in a trade or business. Examples include tools, equipment, machinery, factories, and office buildings basis of stock definition.
- Definition Bequest:
- Dictionary A gift by will of personal property basis of stock explain.
- Definition Bad Debts:
- Dictionary receivable that have been included in income in a prior year that are uncollectible, legally binding debts owed to the taxpayer that are totally worthless and uncollectible, and debts the taxpayer basis of stock what is.
- Definition Business Assets:
- Dictionary Assets used in a trade or business or used to produce rental or royalty income basis of stock meaning.
How works Basis of Stock meaning in Tax definitions B .
