What GAIN means: The excess of the amount realized from a sale or exchange over the adjusted basis of the property sold or exchanged.
- Definition Gift Tax:
- Dictionary A graduated federal tax paid by donors on the value of gifts exceeding a specified amount, which is indexed for inflation. For the current amount, see IRS Publication 950 or Form 709 gain definition.
- Definition Gross Rents:
- Dictionary Total income from rents before expenses or the depreciation or cost recovery deduction gain explain.
- Definition Goodwill:
- Dictionary Goodwill is the value of a trade or business based on expected continued customer patronage due to its name, reputation, or any other factor gain what is.
- Definition General Depreciation System:
- Dictionary used method for computing MACRS depreciation. Personal property is depreciated using the declining-balance method (double or 150 percent, depending on the recovery class) switching to straight line gain meaning.
How works Gain meaning in Tax definitions G .
