Reviewed by Ebony Howard Fact checked by Suzanne Kvilhaug The cost basis of an investment or asset is the amount of the initial investment, or the original purchase price. It's an important number in ...

But what happens when you choose to sell? Cost basis is key to understanding your tax obligations and the true profit of your investments. Here’s everything you need to know about cost basis ...

Yet the tax law actually gives heirs a huge tax break -- the ability to reset their cost basis -- when they inherit shares of stock or other investments that have increased in value. This tax law ...