Adjusted Tax Basis


Definition of "Adjusted tax basis"

Rosemarie Averhoff
Rosemarie Averhoff RE/MAX Metro Associates

Original cost of property plus additional capital expenditures made to it less the accumulated depreciation. The realized gain or loss for tax purposes is the difference between the selling price and adjusted basis

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Winder, Wheel Step

Wedge-shaped step found on a spiral staircase with a wider tread on its outside portion. ...

State Housing Act

Law of the state establishing guidelines and requirements for constructing buildings. The standard may differ between the states. ...

Present Value Analysis

Way of valuing real estate that computes the discounted present value of an expected stream of income, including rental income and future capital gain ...

Row House

Single-family dwelling attached to other units by common walls. ...

Parapet

protective wall along a roof or below a terrace. ...

Mortgage REIT

A type of real estate investment trust (REIT) that does not own property but gives short-term financing for construction loans or for permanent mortga ...

Popular Real Estate FAQ

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 percent on a purchase, you finance 80 percent and hav ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising water. ...

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations for the upkeep of the property. ...

What Is An Easement?

An easement is the right given by the landowner to use the property. ...

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The credit report shows all outstanding debt as well as a ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is principal? Do I need flood Insurance? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase? What is a survey? What do I need to know about RV Insurance?