Carryover Basis

Business, Legal & Accounting Glossary

Definition: Carryover Basis

Quick Summary of Carryover Basis

The tax basis of someone who receives a gift. The recipient’s basis is the same as the giver’s; it simply “carries over” when the gift is made.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Carryover Basis. Payroll & Accounting Heaven Ltd. June 14, 2021
Chicago Manual of Style (CMS):
Carryover Basis. Payroll & Accounting Heaven Ltd. (accessed: June 14, 2021).
American Psychological Association (APA):
Carryover Basis. Retrieved June 14, 2021, from website:

Definition Sources

Definitions for Carryover Basis are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd April, 2020 | 2 Views.