The holding period and adjusted tax basis
from the original shares will roll over into the newly acquired QSBS, effectively deferring the federal income tax recognition event.
The amount of the loss would be the adjusted tax basis
of the property that is abandoned or destroyed.
The tax basis of the property acquired in the [section]1031 exchange is the same as the adjusted tax basis
of the property given up.
5 million and $5 million, that has an adjusted tax basis
of $500,000 Suppose the taxpayer was to gift title to the building to her daughter.
The aggregate gross assets (defined generally as cash plus the aggregate adjusted tax basis
of other property) held by the small business must not exceed $50,000,000 at any time before or immediately following the investment by the investor (including amounts received by the small business from the investor).
22) The trust would acquire an outside adjusted tax basis
in the partnership interest under I.
29) The adjusted tax basis
of an asset is, again, determined in the owner's functional currency, using the spot or historical exchange rate, as appropriate, depending on the asset.
The tax gain is determined based on a complex procedure set forth in the MITL which in general terms consists of deducting the adjusted tax basis
of the stock from the purchase price.
When an investor sells, exchanges or redeems a mutual fund share, the gain or loss generally equals the amount realized (sales price less expenses of sale) minus the share's adjusted tax basis
(IRC section 1001).
Federal income tax principles), with any amount in excess of such current or accumulated earnings and profits treated as a non-taxable return of capital, to the extent of the shareholder's adjusted tax basis
in the holder's shares, and with any amount in excess of such current or accumulated earnings and profits and the holder's adjusted tax basis
treated as a capital gain.
Any amount exceeding the corporation's E&P is treated as a reduction in the stock's adjusted tax basis
As for the tax consequences, any capital gain or loss will be calculated as the difference between the amount of outstanding debt and the adjusted tax basis
of the properly.