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 Basis:
- Dictionary to an asset from which gain or loss is determined for income tax purposes when the asset is sold. For assets acquired by purchase, basis is cost. Special rules govern the basis of property received basis of stock definition.
- Definition Bequest:
- Dictionary A gift by will of personal property basis of stock explain.
- Definition Business-Use Property:
- Dictionary Property used in a trade or business. Examples include tools, equipment, machinery, factories, and office buildings basis of stock what is.
- Definition Bankruptcy:
- Dictionary For tax purposes, a formal petition filed in a Bankruptcy Court under Chapter 7, 11, 12, or 13 of Title 11 of the U.S. Code basis of stock meaning.
How works Basis of Stock meaning in Tax definitions B .
