Gains

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January 1, 1 6 min read Definitions

Basis Tax Depreciation Original Cost Purchase Price Gains Losses Adjusted Tax Basis

Basis (Tax) represents the starting point from which gains, losses, and depreciation deductions are computed. It is generally the original cost or purchase price of an asset.

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January 1, 1 6 min read Definitions

SECTION 1250

SECTION 1250 Internal Revenue Code Gains Real Estate Accelerated Depreciation Tax Code Property Gains

Section 1250 is a part of the Internal Revenue Code that deals with gains from real estate where accelerated depreciation has been claimed. Although its significance has been reduced after 1986, it remains relevant for dealing with gains involved in real estate transactions.