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loss deduction

См. также в других словарях:

  • casualty loss deduction —    In taxation, a deduction that is allowed by a loss caused by an unexpected or unusual event such as a storm, flood, fire, shipwreck, earthquake or act of God …   Business law dictionary

  • deduction — 1 Deduction, abatement, rebate, discount are comparable when they mean an amount subtracted from a gross sum. Deduction is interchangeable with any of the others but not without some loss in precision. An abatement is a deduction from a levied… …   New Dictionary of Synonyms

  • Loss Disallowance Rule - LDR — An Internal Revenue Service rule implemented in 1991 to prevent a consolidated group a business conglomerate filing a single tax return on behalf of its subsidiaries from taking a tax deduction for losses on the sale of a subsidiary s stock. The… …   Investment dictionary

  • loss by theft — As a deduction in computing income tax:–a loss in the sense that the taxpayer is worse off financially as a result of the crime. Anno: 62 ALR2d 590. See theft insurance …   Ballentine's law dictionary

  • deduction new for old — noun : a subtraction made by a marine underwriter from the total cost of repairs in paying a claim under a hull insurance policy to allow for the gain in excess of loss to the shipowner resulting from the new material installed during repairing …   Useful english dictionary

  • Casualty loss — A casualty loss is a type of tax loss that is a sudden, unexpected, or unusual event. [IRS Revenue Ruling 79 174] Damage or loss resulting from progressive deterioration of property through a steadily operating cause would not be a casualty loss …   Wikipedia

  • Tax deduction — This article is about the deduction of expenses for the purpose of calculating taxable income. For tax deducted at source, see Withholding tax. Taxation An aspect of fiscal policy …   Wikipedia

  • Dividends received deduction — The dividends received deduction[1] (or DRD ), under U.S. federal income tax law, is a tax deduction received by a corporation on the dividends paid to it by other corporations in which it has an ownership stake. Contents 1 History 2 Impact …   Wikipedia

  • Rental Real Estate Loss Allowance — A federal tax deduction of up to $25,000 that is available to non real estate professionals who own at least a 10% interest in a rental property that they actively manage and that operates at a loss during a particular tax year. Under the tax… …   Investment dictionary

  • casualty loss — see loss Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. casualty loss …   Law dictionary

  • Itemized deduction — Individual taxpayers in the United States are allowed a choice when preparing their Federal income tax returns. After computing their Adjusted gross income (AGI), taxpayers can itemize their deductions (from a list of allowable items) and… …   Wikipedia

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