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.
This means that for RSUs, the part of the cost basis related to the compensation income recognized is not reported to the IRS. As a result, the cost basis for shares sold may be blank on Form 1099-B as it is optional for brokers to include such information.Please see the Year-End Tax Reporting memo for information on when to expect a 1099-B from Morgan Stanley and/or Charles Schwab.: How have IRS Form 1099-B and cost-basis reporting changed for sales of shares issued at vesting of RSUs? Why is cost basis blank on Form 1099-B from Morgan Stanley? A: The final IRS regulations for 2014 carved out exceptions for RSUs, which is technically called a ânon-covered securityâ.