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The term 'tax basis' is correct and usable in written English.
You can use it when discussing the fact that income and gains are taxed on a certain basis. For example, "The company is required to calculate its income and gains on a tax basis."
Exact(34)
Shareholders would then be able to increase their tax basis.
At the same time, however, the tax basis for the property basically remains unchanged.
High-equity, low-property tax basis, and simple familiarity and comfort is a driver here.
The difference between the sale price and the tax basis is taxed as capital gain.
Determining Co-op 'Tax Basis' Q I heard that co-op owners get to increase their "tax basis" for their share of payments that reduce the principal on the building's mortgage.
So, for example, an apartment owner who completely renovates the kitchen can add the cost to the tax basis.
Similar(21)
On a pre-tax basis, the bank lost $730m.
A year later that had risen to £17.4m on a pre-tax basis.
On an after-tax basis, this ends up being about $1,000.
On an after-tax basis, profits at the UK arm rose 4% to £939m.
On a pre-tax basis, losses shrank from £2.89m to £1.86m.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com