The partnership distribution rules create disparities between inside and outside basis in two common situations: (1) when the distributee partner recognizes gain or loss[8] on a distribution and (2) ...

The cost basis of a stock is the value of that stock or asset at a certain time, usually the time of purchase. It's normally calculated for tax purposes, so it's important to understand the factors ...

People invest with the hope of earning a return over time. But what happens when you choose to sell? Cost basis is key to understanding your tax obligations and the true profit of your investments.