MilesToPass
Choose your exam
  1. Home /
  2. Glossary /
  3. Replacement basis

Exam term

Replacement basis

In a simple exchange, old adjusted basis minus cash received plus recognized gain. Market value does not replace the carryover basis.

Lessons that use this term

  • Like-kind exchanges and the tax rules for acquisition financing New York

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

Study help

  • How it works
  • Glossary

MilesToPass

  • Contact us
  • Terms
  • Privacy

© 2026 MilesToPass

Sign in