What OPTION means: An agreement to buy or sell property on or before a specified date at an established price. The sale or exchange of an option to buy or sell property results in capital gain or loss if the property is a capital asset.
- Definition Ordinary:
- Dictionary in the general industry or type of activity in which the taxpayer is engaged. It is one of the tests for the deductibility of expenses incurred or paid in connection with a trade or business; for option definition.
- Definition Over The Counter:
- Dictionary The market for securities issued by companies usually not listed on any stock exchange. Over the counter (OTC) trading is the principal market for U.S. government and municipal bonds option explain.
- Definition Operator:
- Dictionary One who holds the working or operating rights in a gas or oil activity and is obligated for the costs of development and production option what is.
- Definition Owner-Employee:
- Dictionary A sole proprietor (self-employed individual) or a partner who owns a more- than-10% capital or profits interest in the partnership option meaning.
How works Option meaning in Tax definitions O .
