Income tax basis is important in tax and estate planning. This article examines the concept of income tax basis, how one acquires a basis, how it gets adjusted, etc. The article then examines how the basis is subtracted from the sale price to determine gain or loss. The next article in the series will examine how income tax basis is an important factor in estate planning.
Latest posts by Charlie Amen (see all)
- Gen X – This One’s for You (Really Every Generation Should Read This) - September 27, 2023
- R-E-S-P-E-C-T Find Out What It Means To…Your Estate Plan - September 20, 2023
- What We Can All Learn from Diller v. Richardson – Part II - September 13, 2023
