# Basis

Figuring out the cost basis of a primary home converted to rental and then off rental

What is the basis for depreciation of property converted from personal use to business use?How do you calculate depreciable basis for real property?H...

How does the tax computed in a 1031 exchange when the new property is worth no more than the equity?

Can you 1031 exchange into a lesser value property?How do you calculate a new basis in a 1031 exchange?How is a partial 1031 exchange taxed?What is t...

What increases the basis of real property

Increases to Basis Increase the basis of any property by all items properly added to a capital account. These include the cost of any improvements hav...

How to calculate adjusted basis of property

The adjusted basis is calculated by taking the original cost, adding the cost for improvements and related expenses and subtracting any deductions tak...

Total basis in traditional iras

Your basis in traditional, SEP, and SIMPLE IRAs is the total of all your nondeductible contributions and nontaxable amounts included in rollovers made...

What is the general rule for basis of inherited property

Calculating the Basis of Inherited Property The general rule, which is usually favorable to taxpayers, is that the recipient's basis for inherited pro...

Double basis rule

This is known as the “double basis rule.” For instance, A has a tax basis in an asset of $50. A decides to transfer that asset as a gift to B. At the ...

1099-b cost basis not reported to irs

1099-B, long-term transaction for which basis is NOT reported to the IRS.Is this mean I don't report on my tax return? No, this means that your broker...

Stepped-up basis inherited property

“Step up” in basis is a strategy that is used for avoiding capital gains taxes when an asset is passed on to the heirs upon death. The heirs receive a...