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Deborah Elbaum
I'm a Realtor® with deep roots in Palm Beach County. Originally from upstate New York, I've called Downtown West Palm Beach home for over two decades. A certified luxury specialist and Zillow Top Agent, I bring block-by-block local knowledge to every client I serve.
stacklist.com/deborahelbaum
I'm a Realtor® with deep roots in Palm Beach County. Originally from upstate New York, I've called Downtown West Palm Beach home for over two decades. A certified luxury specialist and Zillow Top Agent, I bring block-by-block local knowledge to every client I serve.
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Publication 551: Basis of Assets | IRS
Publication 551 from the IRS provides comprehensive guidance on determining the basis of assets, including cost basis, adjusted basis, and basis other than cost for various property types such as inherited property, gifts, and exchanges. The publication covers topics ranging from real property and business assets to nontaxable exchanges, uniform capitalization rules, and special valuation methods for farm or closely held business property.
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Summary
Publication 551 from the IRS provides comprehensive guidance on determining the basis of assets, including cost basis, adjusted basis, and basis other than cost for various property types such as inherited property, gifts, and exchanges. The publication covers topics ranging from real property and business assets to nontaxable exchanges, uniform capitalization rules, and special valuation methods for farm or closely held business property.
Tags
tax-basis · inherited-property · irs-publication · cost-basis · real-property · depreciation · capital-gains
Key entities
IRS (organization, 0.98) · Cost Basis (concept, 0.97) · Adjusted Basis (concept, 0.95) · Inherited Property (concept, 0.93) · Like-Kind Exchanges (concept, 0.88) · Uniform Capitalization Rules (concept, 0.85) · MACRS Property (concept, 0.82) · Taxpayer Advocate Service (organization, 0.9)
Classification
reference · language en · status final
Provenance
claude-opus-4-6 via @stacklist/mcp-server@2.0.0, confidence 0.85, 17 Jul 2026