What does exsanguination mean? Definitions for exsanguination Here are all the possible meanings and translations of the word exsanguination.
Basis is the value used to determine profit or loss when property is sold for assessing income tax and capital gains tax. Under tax law, basis means the cost of property after adjusting the depreciation.
Basis is a tax term that defines the amount of a taxpayerâs investment in a property. For property that is purchased, the initial tax basis is the cost of the property, but that basis can be adjusted up or down by events that occur after the property is acquired.