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This book is for preparing 2021 taxes. 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 discussed include tangible or intangible property, including real and personal property, stocks, bonds and mutual funds, as well as partnership and S corporation interests
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Item Number: 21305
Level: Basic
Authors: NATP Staff
Published: 2021
Format: Print - 94 Pages
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