What UNADJUSTED BASIS means: The unadjusted basis is the basis of property that would be used to figure a gain on the sale of the property, but without reduction for any depreciation deductions. To get the unadjusted basis, the original basis must be reduced by the section 179 deduction, the special depreciation allowance, and other less common items. The unadjusted basis is the original cost or other basis without regard to salvage value.
- Definition Unearned Income:
- Dictionary other than that received for services performed (earned income). Unearned income includes money received for the investment of money or other property, such as interest, dividends, and royalties. It unadjusted basis.
- Definition Unstated Interest:
- Dictionary sells property on the installment basis, the tax code requires that interest at the "applicable federal rate" must be included in the contract. If interest is not charged or is charged at a unadjusted basis.
How works Unadjusted Basis meaning in Tah definition U .