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.
December 30, 1985, stock dividend. The cost basis of the GM common stock is $5,000.00 (100. shares times $50.00 per share). As stated above, 2.6883% of this cost basis is allocated tot he. Class H common stock, and the remaining 97.3117% is allocated to the GM common stock.