What RECOVERY OF COST means: The amount that was paid for income received--usually a factor only in income from sales of items purchased for resale, income from sales of property, and income from pensions or annuities. The portion of income that represents recovery of cost is not taxable.
- Definition Rollover:
- Dictionary The tax-free transfer of an employer plan distribution to another employer plan or to a traditional IRA, or the tax-free transfer from one IRA to another or to an eligible employer plan recovery of cost definition.
- Definition Royalty:
- Dictionary A payment received for the right to exploit a taxpayer's ownership of natural resources or a taxpayer's literary, musical, or artistic creation recovery of cost explain.
- Definition Railroad Retirement Tax Act:
- Dictionary The law that provides for railroad retirement benefits recovery of cost what is.
- Definition Repossession:
- Dictionary Taking possession of property that was earlier sold on an installment contract because the buyer defaults on payment of the debt recovery of cost meaning.
How works Recovery of Cost meaning in Tax definitions R .
