For Basis we have terms and definitions in 10 topics. The topics are Accounting, Charitable Donation, Conservation, Environmental Acronyms, Finance, Financial, International Business, Real Estate, Securities and Topology.

Basis (Accounting)

generallyis that figure or value that is the starting point in computing gain or lossdepreciationdepletionand amortization of a company. Specificallyit is the financial interest that the Internal Revenue Service attributes to an owner of an investment property for the purpose of determining annual depreciation and gain or loss on the sale of the asset. If a property was acquired by purchasethe owner's basis is the cost of the property plus the value of any capital expenditures for improvements to the propertyminus any depreciation allowable or actually taken. This new basis is called the ADJUSTED BASIS.in investmentsis the cost or book value of an investment. The gain or loss on an investment is the sale price less the basis. Basis is often called "cost basis."

Basis (Charitable Donation)

The tax-purpose value of the property or asset used in establishing the potential capital gain amount. Basis is the figure used to determine the amount of gain or loss on a sale or exchange. Generally, the basis is what a taxpayer paid for an asset. But there may be adjustments to the basis (adjusted basis,) e.g., depreciation, improvements.

Basis (Conservation)

A term used by the IRS to mean the cost of property at the time of acquisition, or value when inherited.

Basis (Environmental Acronyms)

Battelle's Automated Search Information System

Basis (Finance)

The price an investor pays for a security plus any out-of-pocket expenses. It is used to determine capital gains or losses for tax purposes when the stock is sold. Also, for a futures contract, the difference between the cash price and the futures price observed in the market.

Basis (Financial)

Is the relationship between an actual or cash market with a futures instrument. The relationship is typically the simple difference between the cash market and the futures. Is the relationship between an actual or cash market with a futures instrument. The relationship is typically the simple difference between the cash market and the futures.

Basis (International Business)

The simple difference between two nominal interest rates.

Basis (Real Estate)

The dollar amount that the Internal Revenue Service attributes to an asset for purposes of determining annual depreciation or cost recovery, and gain or loss in the sale of the asset. The determination of basis is of fundamental importance in tax aspects of real estate investment. All property has a basis. If property was acquired by purchase, the owner's basis is the cost of the property plus the value of any capital expenditures for improvements to the property, reduced by any cost recovery depreciation actually taken or allowable. The basis is also reduced by any untaxed gain "carried over" to the new property in cases where the new property is a replacement of a former residence or is acquired through a like-kind exchange or through an involuntary conversion. This new basis is called the property's adjusted basis. (See adjusted basis, depreciable basis, original basis)

Basis (Securities)

The cost or book value of an investment. The gain or loss on an investment is the sale price less the basis. Basis is often called "cost basis."

Basis (Topology)

See Base.

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