Examlex
If you believe that unregulated capitalism skews the distribution of resources and opportunities leaving subgroups vulnerable to income,employment and health
Insecurity,then you are probably:
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.
Fair Market Value
The price at which an asset would sell on the open market between a willing buyer and a willing seller.
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