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BASIS DataMade Data RelationalFakultas IMU Computer UDINUSData Models Objected Data Models EntityRelationship ObjectOriented. Recorded Data Models Relational Data Model Network Data Model Hierarchical
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Basis data refers to the foundational information required to determine the basis or value of an asset, investment, or tax-related item for financial reporting or tax purposes.
Individuals and businesses that hold assets or investments that require tax reporting or valuation are typically required to file basis data.
Basis data is filled out by collecting relevant financial information, including purchase prices, asset enhancements, and depreciation, and then reporting this information in the required format specified by tax authorities.
The purpose of basis data is to provide accurate information for calculating the gain or loss on the sale of an asset, ensuring proper tax reporting and compliance.
Information typically includes asset purchase price, any adjustments (like improvements), depreciation taken, and date of acquisition and sale.
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