Examlex
Which of the following is often considered the "father of the quality movement?"
Business Auto
A vehicle owned by a company and used for business operations, which can include transportation of goods, services, or employees.
Adjusted Basis
The original cost of a property adjusted for factors such as depreciation or improvements, used in calculating capital gains or losses for tax purposes.
Wash Sale
A tax term referring to the sale of a security at a loss and the repurchase of the same, or substantially the same, security shortly before or after, which disallows the claim of the loss for tax purposes.
Substantially Identical
Refers to property or securities that are nearly the same, often used in tax rules concerning wash sales.
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