Cost Basis

Cost Basis means:
the original price of an asset, used in determining depreciation and capital gains or capital losses. The cost basis is usually the purchase price, but in the case of an inheritance it is the market value of the asset at the time of the decedent's death.

See also other Tax Terms and Definitions in U.S.A.

Tax Basis.

See also Capital Gain in the American Legal Encyclopedia and Capital Gain in the World Legal Encyclopedia.

See Inheritance Tax and Inheritance Tax.