Gorham Lawyer
All lawyers of Gorham, ME or refine by the following practice areas
1-7 of 7 results. Page 1 of 1.
Legal Term Highlighted
basis: For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the property, "adjusted" to reflect improvements made or damage incurred while you own the property. See stepped-up basis, carryover basis.
