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Basics of Basis Textbook (2020) - #20305

Basics of Basis Textbook (2020) - #20305

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When buying or selling assets, the basis of those items is critical to the future calculation of capital recovery, gain or loss realization and recognition, and depreciation. This textbook provides the tools to determine an asset’s initial basis and adjustments to that basis. Assets reviewed are tangible or intangible property, including real and personal property, stocks, bonds, and mutual funds, as well as partnership and S corporation interests.

Table of Contents.

Basics of Basis covers:

  • Identifying basis based on various means of acquisition including purchase, creation, gift, and inheritance.
  • Identifying payments capitalized as part of basis and those expensed as a current operating expense.
  • Calculating the basis of stocks.
  • Calculating the basis of mutual funds using the allowable methods.
  • Applying the timing and ordering of basis adjustments.
  • Differentiating between the partner’s outside and inside basis in a partnership.
  • Recognizing the differences between the shareholder’s stock basis and debt basis in an S corporation.

Product Details:

Level: Basic level

Author: NATP Staff

Publisher: NATP

Publication Date: 2020

Format: Print - 104 Pages

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Corresponding CPE Courses:

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Basics of Basis Self-Study Course

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