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TeachMeFinance.com adjusted basis -- the original cost of a property plus the value of any capital expenditures for improvements to the property, minus any depreciation taken. another definition... Adjusted Basis -- A foundation price that helps to estimate capital gains or losses at the time an asset is disposed of, when net earnings are reckoned for tax matters while commissions are subtracted. If stock splits have taken place since the time of the first purchase, then the price must be modified in order to settle upon the adjusted basis. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.