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 Asset:
- Dictionary An item of useful or valuable property average basis definition.
- 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 average basis explain.
- Definition Anti-Churning Rules:
- Dictionary prevent taxpayers from taking advantage of new laws by acquiring property eligible for benefits available under the new law from a related party that was used by the related property before the average basis what is.
- Definition Accounting Period:
- Dictionary The period (normally 12 months) that a taxpayer uses to determine federal income tax liability. Unless a taxpayer makes a specific choice to the contrary, his accounting period is the calendar year average basis meaning.
How works Average Basis meaning in Tax definitions A .
