Examlex
Diseases related to poor dietary patterns are most likely to express themselves during the adult years.
Partnership Interest
An ownership share in a partnership that represents a partial right to its assets, income, and gains.
Outside Basis
Refers to a partner's or investor's tax basis in an individual partnership interest or investment, including the initial investment amount plus any additional contributions and adjusted by allocations of income or loss and distributions.
Inside Basis
The cost basis of an asset inside a partnership or other entity, reflecting its original cost plus adjustments.
Recognize Gain
To report the increase in value of an asset when it is sold or disposed of, for tax purposes.
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