Real Estate Glossary

Basis

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Richard Wilson
Written by Richard Wilson

This is the total sum paid for a property. It is a property’s purchase price, and it includes commissions and other expenses. Basis is used to determine capital gains and losses for the purposes of taxation.

This is the total sum paid for a property. It is a property’s purchase price, and it includes commissions and other expenses. Basis is used to determine capital gains and losses for the purposes of taxation.

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Richard Wilson

Richard Wilson

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