What CONTRACT PRICE means: With respect to an installment sale, one of the amounts used to compute the percentage of each principal payment that is taxable as gain. The contract is equal to the gross selling price when no mortgages are assumed. If a mortgage is assumed, the contract price is the gross selling price minus the amount of the mortgage plus the excess (if any) of the mortgage over the seller's basis and expenses of sale.
- Definition Custodial Parent:
- Dictionary The parent with whom a child lives for the greater part of the year contract price definition.
- Definition Condemnation Award:
- Dictionary Payment in money or replacement property that is received for property condemned by a government authority contract price explain.
- Definition Cash Equivalent Doctrine:
- Dictionary basis taxpayer does not report income until cash is constructively or actually received. Under the cash equivalent doctrine, cash-basis taxpayers are required to report income if the equivalent of contract price what is.
- Definition Capital Expenditure:
- Dictionary for an asset with a useful life of more than one year that increases the value of or extends the useful life of the asset. Capital expenditures generally may not be deducted in the year they are contract price meaning.
How works Contract Price meaning in Tax definitions C .
