The question “What is tax basis?” comes up in a tax accountant’s office weekly. For tax purposes, the term “basis” refers to the monetary value used to measure a gain or loss. For instance, if you purchase shares of a stock for $1,000, your basis in that stock is $1,000. If you then sell those …
Gift Basis
Are You Keeping Track of Your Investment Basis?
Are you keeping track of your investment basis? If you’re not, here’s a few reasons why you may reconsider tracking your basis. In taxes, there is a saying: “Those who keep records win.” If you are an investor, you may own real property or have a variety of securities. These securities could include stocks, bonds, …
