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 increase in value over basis, fixed at the time the stock is distributed in-kind to you, is the NUA.For example, assume you retire and receive a distribution of employer stock worth $500,000 from your 401(k) plan, and that the cost basis in the stock is $50,000. distribution of employer stock consists of two parts: (1) the cost basis (that is, the value of the stock when it was contributed to, or purchased by, your plan) and (2) any increase in value over the cost basis until the date the stock is distributed to you.