Series 52: Tax Basis

Taken from our MSRB Municipal Securities Representative Qualification Examination

Definition of the term Tax Basis...

the buyer’s cost of purchasing an asset and the starting value that an investment’s profit or loss must be measured against for tax purposes. Also called cost basis.

Since you're reading about Series 52: Tax Basis, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 52
Please Enable Javascript
to view this content!