Dec 29 , 2015
Adjusted Basis
Definition: An owner’s original cost of a property plus buying expenses plus capital improvements.
Pronunciation: ə-ˈjəst-ed
Used in a Sentence: The adjusted basis of the property calculated out to be $475,000.
Dec 29 , 2015
Definition: An owner’s original cost of a property plus buying expenses plus capital improvements.
Pronunciation: ə-ˈjəst-ed
Used in a Sentence: The adjusted basis of the property calculated out to be $475,000.