Cost Basis is the original cost paid to purchase an asset, usually used for tax purposes. This value is often used to calculate capital gains, represented by the difference between the cost basis and the current market value.
Cost Basis is the original cost paid to purchase an asset, usually used for tax purposes. This value is often used to calculate capital gains, represented by the difference between the cost basis and the current market value.
Level’s Chief Investment Officer and Partner, Steven Elwell, CFP® joined WIVB News 4 to discuss the recent market decline and