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Under U.S. federal tax law, the tax basis of an asset is generally its cost basis. Determining such cost may require allocations where multiple assets are acquired together. Tax basis may be reduced by allowances for depreciation. Such reduced basis is referred to as the adjusted tax basis. Adjusted tax basis is used in determining gain or loss from disposition of the asset. Tax basis may be relevant in other tax computations.

Attributes	Values
rdfs:label	Tax basis (en)
rdfs:comment	Under U.S. federal tax law, the tax basis of an asset is generally its cost basis. Determining such cost may require allocations where multiple assets are acquired together. Tax basis may be reduced by allowances for depreciation. Such reduced basis is referred to as the adjusted tax basis. Adjusted tax basis is used in determining gain or loss from disposition of the asset. Tax basis may be relevant in other tax computations. (en)
dcterms:subject	Tax terms
Wikipage page ID	5036060 (xsd:integer)
Wikipage revision ID	794854406 (xsd:integer)
Link from a Wikipage to another Wikipage	Controlled foreign corporation Partnership Tax terms FIFO and LIFO accounting Capital gain Cost basis Average cost
sameAs	Tax basis Tax basis Tax basis
dbp:wikiPageUsesTemplate	dbt:Globalize dbt:Reflist dbt:Usc
has abstract	Under U.S. federal tax law, the tax basis of an asset is generally its cost basis. Determining such cost may require allocations where multiple assets are acquired together. Tax basis may be reduced by allowances for depreciation. Such reduced basis is referred to as the adjusted tax basis. Adjusted tax basis is used in determining gain or loss from disposition of the asset. Tax basis may be relevant in other tax computations. Tax basis of a member's interest in a partnership and other flow-through entity is generally increased by the members share of income and reduced by the share of loss. The tax basis of property acquired by gift is generally the basis of the person making the gift. Tax basis in property received from corporations or partnerships may be the corporation's or partnership's basis in some cases. (en)
prov:wasDerivedFrom	wikipedia-en:Tax_basis?oldid=794854406&ns=0
page length (characters) of wiki page	6654 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Tax_basis
is Link from a Wikipage to another Wikipage of	Character (income tax) Index of real estate articles Installment sale Corporate tax in the United States Basis Cost basis Income tax in the United States Taxation in Andorra Ex-PATRIOT Act Taxation in Hungary
is Wikipage disambiguates of	Basis
is foaf:primaryTopic of	wikipedia-en:Tax_basis

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