Definition of 'strive'. strive (straÉªv ) Word forms: 3rd person singular present tense strives , present participle striving language note: The past tense is either strove or strived, and the past participle is either striven or strived. If you strive to do something or strive for something, you make a great effort to do it or get it.
Carryover basis, also referred to as a transferred basis, applies to inter vivos gifts and transfers in trust. Generally, a taxpayer's basis in property is the cost to acquire the property. However, there is an exception for inter vivos gifts and transfers in trust.arryover basis, also referred to as a transferred basis, applies to inter vivos gifts and transfers in trust. Generally, a taxpayer's basis in property is the cost to acquire the property. However, there is an exception for inter vivos gifts and transfers in trust.
The average cost basis just takes into account the average price of the purchases, which in this case would be 20 shares x [($100*10 + $120*30 + $150*15)]/55 = $2490. The method chosen should be the most beneficial to the investor's tax situation. If the investor does not choose a method, FIFO is the default.or example if an investor bought 10 shares of ABC company for $1000 plus $10 trading fee and received dividends of $200 in year one and $400 in year two, cost basis would be $1610. If he or she then sold the stock in year three for $2000, the taxable gain would be $390.