IRS Tax Guide for Basis of Assets, Publication 551 (12/2018)
IRS Tax Guide for Basis of Assets, Publication 551 (12/2018)

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Basis is the amount of your investment in property for tax purposes. Use the basis of property to figure depreciation, amortization, depletion, and casualty losses. Also use it to figure gain or loss on the sale or other disposition of property. You must keep accurate records of all items that affect the basis of property so you can make these computations. This publication is divided into the following sections. • Cost Basis • Adjusted Basis • Basis Other Than Cost

  • Released: August 10, 2017
  • Author: U.S. Internal Revenue Service (IRS)
  • Rating: 5
  • Publisher: Ebook Store Group
  • Total Page: 209 pages
  • File Size: 2247 KB

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