What COMMON-LAW STATE means: A state in which the laws governing property rights are based on British common law. The property and income of each spouse belongs to him or her separately.
- Definition Copyright:
- Dictionary The exclusive legal right to sell, reproduce, or publish a literary, musical, or artistic work common-law state definition.
- Definition Capital Loss:
- Dictionary sale or exchange of a capital asset. Up to $3,000 ($1,500 if married and filing a separate return) of net capital loss is deductible annually with the excess carried forward to future years. Losses common-law state explain.
- Definition Commodity Futures:
- Dictionary Contracts to buy or sell a fixed amount of a commodity (wheat or soy beans, for example) for a fixed price at a future date common-law state what is.
- Definition Certified Historic Structure:
- Dictionary A structure listed on the National Register of Historic Places or located in a designated historic area. The IRS Code provides tax incentives for the rehabilitation of such structures common-law state meaning.
How works Common-Law State meaning in Tax definitions C .
