Property Basis

Calculating Adjusted Basis of Property - Recorded 5/7/20

This course explains how to determine the adjusted basis of property acquired by purchase, gift, and inheritance.

Learning Objectives

Calculate the basis of property acquired by purchase, gift, and inheritance.
Explain what items factor into determining the adjusted basis of property.
Explain when the basis for depreciation purposes differs from the basis for gain or loss purposes.

Education Information

IRS Program Number: NMVBP-T-00143-20-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: Self-Study

Field of Study: Federal Tax Law (IRS);

Credit hours: 2 IRS

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our education policies.

Nine examples walk you through the calculation of adjusted basis in property and tax reporting associated with the disposition of property.

Purchase