Carryover Basis

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Dictionary Says

Definition of 'Carryover Basis'

A method for determining the tax basis of an asset when it is transferred from one individual to another. Carryover basis is often used when property is given as a gift to someone else and is the method for determining the basis for future tax payments.
Investopedia Says

Investopedia explains 'Carryover Basis'

The carryover basis is commonly used in estate planning when transferring property to future heirs. It determines the value of the property at the beginning of the period and is used to determine the tax rate that must be paid on capital gains when the asset is sold.

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'Carryover Basis'

  • Series 65 Study Guide - Taxation Issues - Holding Period and Cost ...

    http://www.investopedia.com/exam-guide/series-65/taxation/holding-period-cost-basis.asp
    ... This is known as carryover basis. The market value on the date of the gift comes
    into play if the investment had declined in value since the giver acquired it. ...

  • Get Ready For The Estate Tax Phase-Out

    http://www.investopedia.com/articles/pf/05/EstateTaxPhaseOut.asp
    ... price. The modified carryover basis ($1.3 million and $3 million, as
    described above) will be added to the transfers. Thus, you ...

  • Premium Bonds: Problems And Opportunities

    http://www.investopedia.com/articles/bonds/11/premium-bonds-pros-cons.asp
    ... qualified stated interest from the same period that the basis was amortized ... Bond
    Portfolio.) For example, if a taxpayer has $50,000 in carryover losses, $60,000 ...

  • Tax-Loss Harvesting: Reduce Investment Losses

    http://www.investopedia.com/articles/taxes/08/tax-loss-harvesting.asp
    ... more in Understanding The Time Value Of Money.) Growing Portfolio While beyond the
    scope of this article, realizing tax losses lowers tax basis, which makes ...

  • CFP Study Guide - Property, Casualty and Liability Insurance ...

    http://www.investopedia.com/exam-guide/cfp/property-casualty-liability-insurance/cfp4.asp
    ... 36.4 Basis of Inherited Property (Community and Non-Community Property); 36.5 ... 43.4
    Deduction Limitations and Carryover Periods; 43.5 Appreciated Property and Non ...

  • CFP Study Guide - Principles of Risk and Insurance - Introduction ...

    http://www.investopedia.com/exam-guide/cfp/principles-of-risk-and-insurance/default.asp
    ... 36.4 Basis of Inherited Property (Community and Non-Community Property); 36.5 ... 43.4
    Deduction Limitations and Carryover Periods; 43.5 Appreciated Property and Non ...

  • CFP Study Guide - Financial Planning: Process and Rules ...

    http://www.investopedia.com/exam-guide/cfp/financial-planning-process-rules/default.asp
    ... 36.4 Basis of Inherited Property (Community and Non-Community Property); 36.5 ... 43.4
    Deduction Limitations and Carryover Periods; 43.5 Appreciated Property and Non ...

  • CFP Study Guide - Principles of Risk and Insurance - The Risk ...

    http://www.investopedia.com/exam-guide/cfp/principles-of-risk-and-insurance/cfp2.asp
    ... 36.4 Basis of Inherited Property (Community and Non-Community Property); 36.5 ... 43.4
    Deduction Limitations and Carryover Periods; 43.5 Appreciated Property and Non ...

  • CFP Study Guide - Property, Casualty and Liability Insurance ...

    http://www.investopedia.com/exam-guide/cfp/property-casualty-liability-insurance/default.asp
    ... 36.4 Basis of Inherited Property (Community and Non-Community Property); 36.5 ... 43.4
    Deduction Limitations and Carryover Periods; 43.5 Appreciated Property and Non ...

  • You CAN Retire In A Recession

    http://www.investopedia.com/articles/retirement/08/retire-in-a-recession.asp
    ... conditions may impact your tenants' ability to pay rent on a timely basis. ... capital
    loss that is realized now can provide a $3,000 carryover deduction for the ...

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