adjusted basis

Croatian translation: neto trošak imovine nakon prilagodbe za razne porezne stavke

19:42 Jul 11, 2010
English to Croatian translations [PRO]
Bus/Financial - Law: Taxation & Customs / US tax terminology
English term or phrase: adjusted basis
Context (IRS FAQ page): "If the payments for property damage or destruction exceed the taxpayer’s adjusted basis in the damaged or destroyed property, the taxpayer will realize gain for federal income tax purposes."
Dijana Evans
United Kingdom
Local time: 12:48
Croatian translation:neto trošak imovine nakon prilagodbe za razne porezne stavke
Explanation:

Definition: Adjusted Basis is the net cost of an asset after adjusting for various tax-related items.

Adjusted basis is calculated by beginning with an asset's original cost basis, and then making adjustments. Adjusted basis is calculated as follows:
• Cost Basis
• + Purchase costs (title & escrow fees, broker commissions, shipping, sales tax, etc.)
• + Improvements (rehabilitation expenses & substantial repairs)
• + Legal fees (to defend or to perfect title to the property, zoning costs, etc.)
• + Selling costs (title & escrow fees, broker commissions, shipping, transfer fees, etc.)
• - Accumulated depreciation, depletion, or amortization
• - Casualty or theft Loss
• - Other decreases to basis
• = Adjusted Basis
http://taxes.about.com/od/taxglossary/g/Adjusted_Basis.htm
Selected response from:

Gordana Sujdovic
Serbia
Grading comment
Thank you
3 KudoZ points were awarded for this answer



Summary of answers provided
3 +1neto trošak imovine nakon prilagodbe za razne porezne stavke
Gordana Sujdovic


  

Answers


14 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
neto trošak imovine nakon prilagodbe za razne porezne stavke


Explanation:

Definition: Adjusted Basis is the net cost of an asset after adjusting for various tax-related items.

Adjusted basis is calculated by beginning with an asset's original cost basis, and then making adjustments. Adjusted basis is calculated as follows:
• Cost Basis
• + Purchase costs (title & escrow fees, broker commissions, shipping, sales tax, etc.)
• + Improvements (rehabilitation expenses & substantial repairs)
• + Legal fees (to defend or to perfect title to the property, zoning costs, etc.)
• + Selling costs (title & escrow fees, broker commissions, shipping, transfer fees, etc.)
• - Accumulated depreciation, depletion, or amortization
• - Casualty or theft Loss
• - Other decreases to basis
• = Adjusted Basis
http://taxes.about.com/od/taxglossary/g/Adjusted_Basis.htm


Gordana Sujdovic
Serbia
Native speaker of: Serbian
PRO pts in category: 10
Grading comment
Thank you

Peer comments on this answer (and responses from the answerer)
agree  bonafide1313: da, "žargonski" bi se moglo možda reći... vrijednost korigirana za porezne učinke ili porezno relevantne stavke ili slično...
9 hrs
  -> Hvala, možda može i kraće:)
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