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 Annuity:
- Dictionary to a person at specified intervals for a specific period of time or for life. The amouont may be fixed or variable. Payments represent a partial return of capital and a return on the capital average basis definition.
- Definition Annualized Income:
- Dictionary and expenditures for a particular period multiplied by the ratio of 12 to the number of months in the period. For example, if annualizing the income for the period January 1 though May 31, multiply average basis explain.
- Definition Accrued Interest:
- Dictionary Interest that has been earned but not yet paid or credited; for example, for a bond on which interest is paid seminanually, interest earned during the six-month period in between payment dates average basis what is.
- Definition Automobile Expenses:
- Dictionary deduct automobile expenses only to the extent the automobile is used for business, for charitable purposes, for moving expense purposes, and for medical purposes. Expenses can be figured using the average basis meaning.
How works Average Basis meaning in Tax definitions A .
