Sentence examples for loss deduction from inspiring English sources

You take the deduction most advantageous to you: the personal loss deduction is always deductible, while the difference between the personal and business loss can only be deducted in a year where you earned enough business income to cover expenses and must be carried over to the next year if not.

§ 404.1085 Net operating loss deduction.

4044, related to operations loss deduction.

The theft-loss deduction is not the same as the more commonly used capital loss deduction, which applies to securities that decline in value.

The higher the tax rate, the more money a tax loss deduction is worth.

FOR Mr. Silva, the casualty loss deduction would increase the refund on his 1999 federal taxes by about $1,000.

Deductible expenses are generally limited to casualty loss deductions.

Expanding the home buyers' credit will cost about $11 billion, and the business loss deductions $10.4 billion.

The Commissioner determined that petitioners could not use P. D. W. & A.’s discharge of indebtedness to increase their bases in the stock and denied petitioners’ loss deductions.

The annual average of payments and tax breaks to millionaires — including more than $5 billion in gambling loss deductions — is $30 billion, according to the report, which says one result is almost 1,500 millionaires paid no taxes in 2009.

Earlier this year he concluded a trial over big loss deductions he took on nonperforming Chinese loans.