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When a U.S.investor buys a bond issued in a foreign country
Adjusted Basis
The adjusted basis is the original cost of an asset, altered for improvements, depreciation, and other adjustments.
Travel Expense Deduction
A tax deduction for expenses related to travel for business purposes, including transportation, lodging, and meals.
Self-Employment Tax
A tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves, calculated on net earnings from self-employment.
Net Earnings
The amount of money left after all deductions, including taxes and operating expenses, have been subtracted from total income.
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