Carryover Basis

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1 Types

August 25, 2024 3 min read Definitions

Carryover Basis: Definition and Application in Tax-Deferred Exchanges

Taxes Finance Carryover Basis Tax-Deferred Exchange Adjusted Tax Basis Tax Basis Basis (Tax)

Learn about Carryover Basis in tax-deferred exchanges, including the adjusted tax basis of the property surrendered and its role in determining the tax basis of the property acquired.

August 25, 2024 3 min read Definitions

Substituted Basis: Understanding Exchanged and Transferred Basis in Taxation

Taxation Finance Taxation Property Basis Exchanged Basis Transferred Basis Carryover Basis

Substituted Basis in taxation refers to either an exchanged basis or a transferred basis used to determine the tax purposes of property. This includes how the basis of property is calculated based on other properties held or transferred.