Asset Adjusted Basis Calculator

Asset Adjusted Basis Calculator calculator can be used to calculate the adjusted basis of an asset by accounting for purchase price, improvements, depreciation, and other adjustments.

Input Parameters

Calculation Results

Calculation Formula

Adjusted Basis = Purchase Price + Improvement Costs - Total Depreciation + Other Adjustments

Where:
- Purchase Price: The original cost of the asset
- Improvement Costs: Additional costs added to the asset to improve its value
- Total Depreciation: The total amount of depreciation claimed on the asset
- Other Adjustments: Any other adjustments that affect the basis (e.g., casualty losses, insurance reimbursements)

Adjusted Basis

$0.00

Asset Adjusted Basis Calculator Calculator Usage Guide

Learn how to use the Asset Adjusted Basis Calculator calculator and its working principles

How to Use the Calculator

  1. Enter the purchase price of the asset in the "Purchase Price" field.
  2. If you made any improvements to the asset, enter the total improvement costs in the "Improvement Costs" field.
  3. If you have claimed any depreciation on the asset, enter the total depreciation amount in the "Total Depreciation" field.
  4. Enter any other adjustments that affect the basis in the "Other Adjustments" field.
  5. Click the "Calculate" button to calculate the adjusted basis.
  6. The adjusted basis will be displayed in the "Adjusted Basis" field.

Understanding Adjusted Basis

Adjusted basis is the original cost of an asset plus any improvements or other additions, minus any depreciation, casualty losses, or other deductions. It is used for calculating gain or loss when selling the asset.

Example

Suppose you purchased a property for $200,000. You made $30,000 in improvements and claimed $20,000 in depreciation. The adjusted basis would be:

$200,000 (Purchase Price) + $30,000 (Improvement Costs) - $20,000 (Depreciation) = $210,000 (Adjusted Basis)