Adjusted Basis
ORIGINAL BASIS
, Purchase Price of Real Estate
Plus Cumulative Capital Additions
Plus Costs of Sale
Less Cumulative Depreciation, Real Estate
Less Cumulative Depreciation, Capital Improvements
ADJUSTED BASIS AT SALE
Automatic Recalculation
Adjusted Basis
The original cost of an asset, such as real estate, plus capital improvements, less accumulated depreciation and costs of sale. The taxable gain at the time of sale is, in general, the selling price less the adjusted basis.
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These resources are provided free of charge, "as is" and without warranty of any kind, either expressed or implied, by RealData, Inc. to readers of "What Every Real Estate Investor Needs to Know About Cash Flow ... And 36 Other Key Financial Measures." You may not reproduce or distribute these materials without the permission of RealData, Inc. Technical support is not available for the free materials provided here. © 2003 RealData, Inc.
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