Real Estate Investing – “Basis” Explained
Nov 6th, 2009 | By stefanie | Category: Real Estate Investing ArticlesOur complex IRS code requires that your, as a real estate investor,
accurately calculate your “basis” in investment property when reporting
a gain or loss on a tax return.
Your monetary gain or loss when you sell investment property
is determined by comparing the sale price to the adjusted
basis in the property.
