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The $1 balance, being a return of capital, merely reduces your "basis" (the purchase price used to calculate capital gains and losses) to $39.
For a partner a payout can be considered merely a return of capital rather than a profit, and consequently no tax is due until the sale of the underlying security.
Instead, they are merely a return of your investment.
The interest payments they had been receiving were merely a return of their own capital or the funds of various other lenders in the project.
A return of L.A. Rams?
The defining feature of the federal income tax is that it requires most Americans to do something — preparing and filing a return — beyond merely parting with some money.
A lot more exciting, we suppose, though hardly unreasonable, as such an advance over the next six-plus years from the current 1120 level for this market proxy would simply afford an annualized return of 10%, merely in line with the historical norm over the past eight decades.
And even the profitable ones have rates of return (an average of merely five per cent, according to some estimates) lower than what they'd get anywhere else in Asia.
Merely a return to the level of losses of two years ago will add $2 billion to profits.
And with fuel prices increasing again, industry executives, including Ms. Fletcher, see a return to costly gasoline as merely a matter of time.
More often than not it is merely a partial return of the investment capi tal.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com