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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:
Level: Basic level
Author: NATP Staff
Publisher: NATP
Publication Date: 2020
Format: Print - 104 Pages
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Basics of Basis Self-Study Course