Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. The average cost ...

Cost basis is the original purchase price of an asset. Tracking cost basis is key to tax-efficient investing. Many, or all, of the products featured on this page are from our advertising partners who ...

Selling an investment typically has tax consequences. To figure out whether you need to report a capital gain -- or can claim a loss -- after you sell, you need to know the cost basis for that ...

People invest with the hope of earning a return over time. But what happens when you choose to sell? Cost basis is key to understanding your tax obligations and the true profit of your investments.

Charity begins at home. Stretch that aphorism to mean that charity can include the donation of your building to a qualified 501(c) nonprofit organization. Such donations benefit both the donor and the ...

Tax cost recovery methods allow businesses to reduce their overall tax liabilities. This is usually accomplished through depreciation of capital investments. The Internal Revenue Service allows such ...

The tax calculations required for cryptocurrency investments heighten your return’s complexity, and often lead taxpayers to make mistakes during the filing process. For crypto users who use multiple ...

What is cost basis in crypto? In the context of cryptocurrencies, “cost basis” refers to the initial outlay paid for digital assets. It is an important consideration when calculating capital gains or ...

The United States Internal Revenue Service (IRS) has issued a temporary relief for a rule that would have defaulted crypto holders on centralized exchanges to a less-than-ideal accounting method. The ...

Cost basis is the purchase cost of a particular security, including commission charges. Importantly, a cost basis can be established over a series of purchases of the same security, not just one trade ...

Selling an investment typically has tax consequences. To figure out whether you need to report a capital gain -- or can claim a loss -- after you sell, you need to know the cost basis for that ...