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|English to Polish translations [Non-PRO]|
|English term or phrase: cost basis|
|In the past,a ruling was generally needed to obtain a step-up in cost basis|
for any tax paid at purchase. However, according to new Polish Personal
Income tax Law, the gain upon sale of shares may be offset by any tax paid
|Polish translation:podstawa / baza kosztowa|
The cost basis is how much you paid for your shares after you take into account stock splits, acquisitions and other events. In general, your taxable gain or loss is the difference between your cost basis and the price you receive when you sell the shares, minus brokerage fees.
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