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.
Cost basis is the original monetary amount paid for shares of a security. When you sell or exchange shares of mutual funds or other securities, you may have a capital gain or loss that must be reported to the IRS. First In, First Out (FIFO). 2  Using FIFO, cost basis is calculated using the specific amount paid for shares. 3  This method assumes that the first shares you sell are the first you bought. 4  Fidelity uses FIFO when calculating your cost basis for individual securities, such as stocks and bonds.