Definitions for "Tangible Personal Property"
generally refers to property that can be touched or felt, but does not include real property. Compare intangible personal property; real property; service.
Personal property that can be seen, weighed, measured, felt, or touched, or that is in any other way perceptible to the senses.
Property that you can physically touch, such as furniture, jewelry, objects of art and automobiles.
Keywords:  basis, tax
Tax Basis