A tax basis calculation referring to the original cost of a property plus the cost of any improvements or other step-ups less depreciation. Adjusting the original cost of a purchase by taking into account any changes to its value is used to calculate the capital gain/loss on a sale for tax purposes.
Foreclosure.com Advantage:
At Foreclosure.com, we are driven by a mission — to streamline the journey of finding and purchasing distressed properties for our users across the nation. We understand both the challenges and opportunities presented by the real estate market. So learning is an essential part of investing and we equip you with tools and knowledge through how-to videos, insights from local area experts, and state-specific legal information. These resources are designed to empower you with the knowledge to make informed decisions, whether you're a first-time buyer or seasoned investor.
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