Definitions for "Original basis"
Keywords:  plus, capital, basis, gain, calculate
The purchase price of a property. It is used to calculate capital gains or losses for tax purposes.
The purchase price of a property plus any closing costs associated to the purchase. It is used to calculate capital gain or loss for tax purposes.
The amount originally paid for an asset or security, including any commission or fees paid. This original or cost basis is not the same as the Current Basis, which includes the cost of an asset plus any improvements, less any depreciation.