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What else can I help you with?
What cost basis should I use to figure out capital gain for stock which was a gift?
If the fair market value (FMV) of the stock was greater than the donor's adjusted basis at the time of the gift, your basis is the donor's adjusted basis plus any gift taxes paid at the time of the gift. http://www.irs.gov/faqs/faq-kw77.html
What is the cost basis of altrias spinoff?
The cost basis of Altria's spinoff can be determined by allocating the original cost basis of Altria shares between the parent company and the new spinoff company. Typically, this allocation is based on the relative fair market values of both entities at the time of the spinoff. Investors usually receive specific instructions from Altria regarding how to calculate their cost basis for tax purposes, which may include guidance on the percentage split of the original investment. It's advisable for shareholders to consult tax professionals or financial advisors for precise calculations tailored to their circumstances.
How does IRS determine Capital gains when you don't have original cost basis?
When the original cost basis of an asset is not available, the IRS allows taxpayers to determine capital gains using alternative methods. One common approach is to use the fair market value (FMV) of the asset on the date it was acquired, which can often be supported by appraisals or market data. Additionally, if the asset was inherited, the basis may be stepped up to its FMV at the time of the previous owner's death. Taxpayers may also consider using the "substituted basis" method if they have records of similar transactions.
What are the cost drivers which are used in apportioning overheads cost under activity based budgeting?
Cost drivers are activities due to which cost incurred for expample as many time as machines are setup for production as many time machine setup cost will be incurred so matchine setup is cost driver.
What is the basis of property contributed to a partnership?
The basis is whatever money and tangible property you invested into the partnership. Time worked does not count as a basis. You have to keep up with the basis in order to calculate the profit or loss when the partnership is sold or divided. The basis does not have to be the selling price but is only used for tax calculations. Often a business has built up what the IRS terms Goodwill. This is their reputation, location, value of client list, etc.
What is the cost basis of lsi at the time of spin off?
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What is the cost basis for the Altria spin off of Philip Morris International?
The cost basis for the Altria spin-off of Philip Morris International would be the amount paid for the shares of Altria prior to the spin-off. If the shares were acquired before the spin-off, the cost basis would include any transaction fees or brokerage commissions paid at the time of purchase. It's important to consult with a tax advisor for specific guidance regarding cost basis calculations.
What is the cost basis of the inherited house?
The cost basis of an inherited house is typically the fair market value of the property at the time of the original owner's death.
How do I find the cost basis for old stock?
To find the cost basis for old stock, you can calculate it by adding the original purchase price of the stock to any additional costs such as commissions or fees paid at the time of purchase. This total amount is your cost basis for the stock.
What is the cost basis of a home after divorce?
The cost basis of a home after divorce is typically the value of the home at the time of the divorce. This value is used to calculate capital gains taxes if the home is sold in the future.
How can I effectively sell covered calls below my cost basis to maximize profit potential?
To effectively sell covered calls below your cost basis to maximize profit potential, you can choose strike prices that are slightly below your cost basis, select options with higher premiums, and monitor the market closely to capitalize on price movements. This strategy can help you generate income and potentially reduce your overall cost basis over time.
Can you explain what the adjusted cost basis is and how it is calculated?
The adjusted cost basis is the original cost of an asset adjusted for certain factors like depreciation or improvements. It is calculated by taking the original purchase price and adding or subtracting any adjustments made to the asset's value over time.
How do you figure the Cost Basis of a mutual fund that has dividends reinvested and has many check redemptions for 30 years?
Every check redemption would have required the calculation of cost basis, so the problem can't be very difficult. Start from the last time the basis was calculated and add all of the interim investments.
What cost basis should I use to figure out capital gain for stock which was a gift?
If the fair market value (FMV) of the stock was greater than the donor's adjusted basis at the time of the gift, your basis is the donor's adjusted basis plus any gift taxes paid at the time of the gift. http://www.irs.gov/faqs/faq-kw77.html
What would be appropriate measures of cost to use as a basis for comparing the two sorting algorithms?
Time complexity and space complexity.
When did Answers Corp acquire FaqFarm?
Answers Corp. acquired WikiAnswers (named FAQFarm at the time) on November 2, 2006.
How can one determine the cost basis of old stock?
To determine the cost basis of old stock, you can calculate the original purchase price of the stock, including any fees or commissions paid at the time of purchase. This information can be found in your records or by contacting the brokerage firm where the stock was purchased.
