MLchartDataset catalogue

Cost basis

Term · Law · MLC-T-LAW-001339

The original value of an asset for tax purposes, adjusted for factors like commissions, stock splits, or reinvested dividends. This figure is used to calculate capital gains or losses when the asset is sold. For inherited property, the cost basis is typically the fair market value at the time of the decedent's death.

Table 1. Record
IdentifierMLC-T-LAW-001339
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001339",
  "term": "Cost basis",
  "field": "Law",
  "definition": "The original value of an asset for tax purposes, adjusted for factors like commissions, stock splits, or reinvested dividends. This figure is used to calculate capital gains or losses when the asset is sold. For inherited property, the cost basis is typically the fair market value at the time of the decedent's death.",
  "url": "https://mlchart.com/terminology/law/cost-basis/"
}

Record 1,187 of 5,441 in Law terminology (MLC-0107). Request the full dataset.