Basis (Tax)

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January 1, 1 6 min read Definitions

Carryover Basis Tax-Deferred Exchange Adjusted Tax Basis Basis (Tax) Real Estate Taxation Capital Gains Tax

Carryover basis is the tax terminology used in tax-deferred exchanges to describe the transfer of the adjusted tax basis from a relinquished property to the newly acquired property. This concept is significant in deferring capital gains tax until the final sale of the property.