[Answer] If a property owner does not desire any deduction for depreciation following a covered loss he/she should purchase a ___________ ____ policy.

Answer: Replacement Cost
If a property owner does not desire any deduction for depreciation following a covered loss he/she should purchase a ___________ ____ policy.
This would result in a gain of $50 000 on which the investor would typically have to pay three types of taxes: a federal capital gains tax a state capital gains tax and a depreciation recapture tax based on the depreciation he or she has taken on the property since the investor purchased the property . If the investor invests the proceeds from the $250 000 sale into another property or …
Expenditure is an outflow of money or any form of fortune in general to another person or group to pay for an item or service or for a category of costs.For a tenant rent is an expense. For students or parents tuition is an expense. Buying food clothing furniture or an automobile is often referred to as an expense. An expense is a cost that is “paid” or “remitted” usually in exchange …
The Tax Reform Act of 1986 (TRA) was passed by the 99th United States Congress and signed into law by President Ronald Reagan on October 22 1986.. The Tax Reform Act of 1986 was the top domestic priority of President Reagan’s second term. The act lowered federal income tax rates decreasing the number of tax brackets and reducing the top tax rate from 50 percent to 28 percent.
Disability Insurance often called DI or disability income insurance or income protection is a form of insurance that insures the beneficiary’s earned income against the risk that a disability creates a barrier for completion of core work functions. For example the worker may suffer from an inability to maintain composure in the case of psychological disorders or suffer an injury illness …
For individuals a net loss can be claimed as a tax deduction against ordinary income up to $3 000 per year ($1 500 in the case of a married individual filing separately). Any remaining net loss can be carried over and applied against gains in future years. However losses from the sale of personal property including a residence do not …
A reverse mortgage i…

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