Unit 17
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| Adjusted Basis | show 🗑
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| Appreciation | show 🗑
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| show | The cost of a property that the Internal Revenue Service uses to determine annual depreciation and gain or loss on the sale of the asset
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| Bill of Sale | show 🗑
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| Boot | show 🗑
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| Capital Gain | show 🗑
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| show | The net spendable income from an investment after deducting expenses
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| show | In appraisal, a loss of value in property due to any cause including physical deterioration, functional obsolescence, and locational obsolescence. For income tax purposes yearly write off of a % of the cost of a building as an expense
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| show | A transaction in which all or part of the consideration for the purchase of real property is the transfer of like kind property (for ex; real estate for real estate)
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| Installment Sale | show 🗑
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| Leverage | show 🗑
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| show | The rate at which the investors top dollar is taxed
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| Real Estate Investment Trust (REIT) | show 🗑
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| show | The income from real estate investment, calculated as a percentage of cash invested
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| Syndicate | show 🗑
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| show | Direct deduction from tax due
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| show | A codification of commercial law, adopted in most states, that attempts to make uniform all laws relating to commercial transactions, including chattel mortgages and bulk transfer
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