Contribution of a limited partner’s personal note to the partnership does not increase the basis of the partnership interest, because it is a contribution of property in which he has no basis. 6 When ...

As discussed in Q 8609, gain or loss is measured by determining whether the amount received in a sale or exchange of property was more or less than the taxpayer’s “basis.” If the amount received is ...

Tesla shares began trading on a split-adjusted basis Thursday following a three-for-one stock split. Tesla last split its stock on a five-for-one basis in August 2020. The stock is up more than 120% ...

Selling a home can put a large sum of money in your pocket but there’s one important thing to consider: Taxes. Whether the sale of a home is taxable or not can depend on the amount of the gain ...

The cost basis of an investment or asset is the amount of the initial investment, or the original purchase price. It's an important number in tax planning for individual investors, business owners, ...

Alphabet shares closed at $200 per share for the first time on Friday as investors grow increasingly bullish on the company's opportunities in artificial intelligence. Stream Los Angeles News for free ...

Shopify shares are trading on a split-adjusted basis following a 10-for-1 stock split. Shopify joins a growing group of big tech companies to announce splits this year. The market’s back, and these 3 ...