What ORDINARY INCOME OR LOSS means: Income or loss that is not capital gain or loss.
- 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 ordinary income or loss definition.
- Definition Open Year:
- Dictionary A tax year for which the statute of limitations has not yet expired ordinary income or loss explain.
- 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 ordinary income or loss what is.
- 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 ordinary income or loss meaning.
How works Ordinary Income or Loss meaning in Tax definitions O .
