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Tax Glossary
What Is “Section 83(b) Election”?
What Is a Section 83(b) Election? A Section 83(b) election is a letter you send to the IRS within 30...
Tax Glossary
What Is “Salvage value”?
What Is Salvage Value? Salvage value is the estimated dollar amount that an asset is expected to be worth at...
Tax Glossary
What Is “Sale of Business Property”?
What Is the Sale of Business Property? The sale of business property refers to the disposal of assets used in...
Tax Glossary
What Is “Restricted Stock”?
What Is Restricted Stock? Restricted stock is a form of employee compensation where a company grants shares to an individual,...
Tax Glossary
What Is “Restricted Stock Unit”?
What Is a Restricted Stock Unit (RSU)? A Restricted Stock Unit (RSU) is a form of equity compensation where an...
Tax Glossary
What Is “Residential rental property”?
Residential rental property is a type of real estate—like a house, condo, or apartment building—that you own and rent out...
Tax Glossary
What Is “Replacement Property”?
What Is Replacement Property? Replacement property is the “new” asset or real estate acquired in a Section 1031 exchange to...
Tax Glossary
What Is “Rental property”?
A rental property is any real estate—such as a house, apartment, condominium, or commercial building—that you own and allow others...
Tax Glossary
What Is “Relinquished Property”?
What Is Relinquished Property? Relinquished property is the “old” asset or real estate that you sell as part of a...
Tax Glossary
What Is a “REIT Dividend”?
What Is a REIT Dividend? A REIT dividend is a distribution of profits paid by a Real Estate Investment Trust...