Jul 11, 2010 19:42
13 yrs ago
2 viewers *
English term
adjusted basis
English to Croatian
Bus/Financial
Law: Taxation & Customs
US tax terminology
Context (IRS FAQ page): "If the payments for property damage or destruction exceed the taxpayer’s adjusted basis in the damaged or destroyed property, the taxpayer will realize gain for federal income tax purposes."
Proposed translations
(Croatian)
3 +1 | neto trošak imovine nakon prilagodbe za razne porezne stavke | Gordana Sujdovic |
Proposed translations
+1
14 hrs
Selected
neto trošak imovine nakon prilagodbe za razne porezne stavke
Definition: Adjusted Basis is the net cost of an asset after adjusting for various tax-related items.
Adjusted basis is calculated by beginning with an asset's original cost basis, and then making adjustments. Adjusted basis is calculated as follows:
• Cost Basis
• + Purchase costs (title & escrow fees, broker commissions, shipping, sales tax, etc.)
• + Improvements (rehabilitation expenses & substantial repairs)
• + Legal fees (to defend or to perfect title to the property, zoning costs, etc.)
• + Selling costs (title & escrow fees, broker commissions, shipping, transfer fees, etc.)
• - Accumulated depreciation, depletion, or amortization
• - Casualty or theft Loss
• - Other decreases to basis
• = Adjusted Basis
http://taxes.about.com/od/taxglossary/g/Adjusted_Basis.htm
3 KudoZ points awarded for this answer.
Comment: "Thank you"
Something went wrong...