Assertion: capital improvement | /r/CapableOf | increase the cost basis
Facets:
value: by 50,000
type: OTHER
Source sentences:
text: However, because the capital improvement increased the cost basis by $50,000, the taxable amount for the capital gain would be $25,000 ($975,000 - ($650,000 + $50,000) - $250,000 = $25,000).