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Basis (Cost Basis)

Tuesday, February 11, 2025 by Nick Aiola
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The Basis (Cost Basis) is the original value of a property for tax purposes, adjusted for improvements, depreciation, and certain expenses.

Related Terms

  • Stepped-Up Basis
  • Tax Basis Adjustments
  • Depreciation Recapture
  • Back to Glossary Index

About Nick Aiola

Nick Aiola is the CEO of Aiola CPA, PLLC - a 100% virtual CPA firm, specializing in tax planning and preparation for real estate investors.
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