Recovery of Basis
Barron's Business Dictionary:
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Recovery of Basis
Process by which a taxpayer receives a return of cost through distributions or payments with respect to a property. A recovery of basis is generally nontaxable if it follows a taxable distribution of earnings and profits from a corporate liquidation.
| Recovery Period, Recovery Fund, Recovery | |
| Recruiters, Recruitment, Recruitment Bonus |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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