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.
Your basis is the amount of your investment in property for tax purposes. Use the basis to figure the gain or loss on the sale, exchange, or other disposition of property. Also use it to figure deductions for depreciation, amortization, depletion, and casualty losses.