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Can you deduct more than you paid for something?

Posted on September 4, 2011 by David Conley in For Individuals
0
Determining Cost Basis

Most of the time we’re stuck with tax cost being what we paid for a stock, asset, real estate, etc… but sometimes this can change.

Determining Cost Basis

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David Conley
David is a partner at Smith, Conley & Associates, PC. In addition to writing and tax consulting, he is active in the pro-life community serving as President of the Fayette County Right to Life chapter of Georgia Right to Life.
He is also a founding Board Member and Finance Director of the Fayette Pregnancy Resource Center and serves on the Board of the National Equal Rights Institute.
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Basis, cost, gain, stepup, Tax

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