adjusted basis -- the original cost of a property plus the value of any capital expenditures for improvements to the property, minus any depreciation taken.
Adjusted Basis -- A foundation price that helps to estimate capital gains or losses at the time an asset is disposed of, when net earnings are reckoned for tax matters while commissions are subtracted. If stock splits have taken place since the time of the first purchase, then the price must be modified in order to settle upon the adjusted basis.
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