Publication 551
Basis of Assets
(Revised: 5/2002)

Table of Contents

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Publication 551, Basis of Assets

• Important Reminder
• Cost Basis
  • Stocks and Bonds
  • Real Property
  • Business Assets
    • Uniform Capitalization Rules
    • Intangible Assets
  • Allocating the Basis
    • Group of Assets Acquired
    • Trade or Business Acquired
    • Land and Buildings
• Adjusted Basis
  • Increases to Basis
    • Assessments for Local Improvements
    • Deducting vs. Capitalizing Costs
  • Decreases to Basis
    • Casualties and Thefts
    • Easements
    • Credit for Qualified Electric Vehicles
    • Gas-Guzzler Tax
    • Section 179 Deduction
    • Deduction for Clean-Fuel Vehicles and Refueling Property
    • Exclusion of Subsidies for Energy Conservation Measures
    • Depreciation
    • Canceled Debt Excluded From Income
    • Postponed Gain From Sale of Home
    • Adoption Tax Benefits
    • Employer-Provided Child Care
  • Example
• Basis Other Than Cost
  • Property Received for Services
    • Bargain Purchases
    • Restricted Property
  • Taxable Exchanges
    • Involuntary Conversions
  • Nontaxable Exchanges
    • Like-Kind Exchanges
    • Partially Nontaxable Exchange
    • Sale and Purchase
    • Partial Business Use of Property
  • Property Transferred From a Spouse
  • Property Received as a Gift
    • FMV Less Than Donor's Adjusted Basis
    • FMV Equal to or More Than Donor's Adjusted Basis
  • Inherited Property
    • Community Property
    • Property Held by Surviving Tenant
    • Qualified Joint Interest
    • Farm or Closely Held Business
  • Property Changed to Business or Rental Use
• How To Get Tax Help

Index

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A

• Adjusted basis, Assessment for local improvements
• Adjusted basis, Casualty and theft losses
• Adjusted basis, Clean-fuel vehicle refueling property
• Adjusted basis, Credit for qualified electric vehicles
• Adjusted basis, Example
• Adjusted basis, Gas-guzzler tax
• Adjusted basis, Increases to
• Adjusted basis, Section 179 deduction
• Adjusted basis, Subsidies for energy conservation
• Adoption tax benefits

B

• Business acquired
• Business assets
• Businesses exchanged

C

• Canceled debt
• Change to business use
• Community property
• Constructing assets
• Copyrights
• Cost basis, Allocating basis
• Cost basis, Assumption of mortgage
• Cost basis, Capitalized costs
• Cost basis, Capitalized costs
• Cost basis, Real estate taxes
• Cost basis, Settlement costs (fees)

D

• Decreases to basis
• Demolition of building
• Depreciation

E

• Easements
• Employer-provided child care
• Exchanges, Like-kind
• Exchanges, Nontaxable
• Exchanges, Partial business use of property

F

• Fair market value

G

• Gain from sale of home
• Group of assets acquired

I

• Inherited property
• Intangible assets
• Involuntary exchanges

L

• Land and buildings
• Loans, low or no interest

N

• Nontaxable exchanges, Partial

P

• Patents
• Points
• Property received as a gift
• Property received for services, Bargain purchases
• Property received for services, Fair market value
• Property received for services, Restricted property
• Property transferred from a spouse

R

• Real property

S

• Special-use valuation
• Stocks and bonds
• Subdivided lots
• Suggestions

T

• Taxable exchanges
• Taxpayer Advocate
• Trademarks and trade names
• TTY/TDD information

U

• Uniform capitalization rules, Activities subject to the rules
• Uniform capitalization rules, Exceptions