What PERCENTAGE DEPLETION means: The deduction for percentage depletion is a specified percentage of the gross income from the property, subject to other limits. Percentage depletion is allowed for nearly all natural resources, except timber. See also Cost Depletion.
- Definition Personal And Dependent Exemptions:
- Dictionary an exemption for each taxpayer and spouse (if a joint return is filed) who is not eligible to be claimed as a dependent on another taxpayer's return and for each dependent. The exemption amount percentage depletion definition.
- Definition Permanent And Total Disability:
- Dictionary prevents an individual from engaging in any substantial gainful activity because of a medically determined physical or mental impairment that is expected to result in death, or that has lasted or is percentage depletion explain.
- Definition Partly Taxable Pensions:
- Dictionary Partly taxable pensions to which the employee made after-tax contributions. Once the employee recovers his cost, the pension becomes fully taxable percentage depletion what is.
- Definition Personal-Use Property:
- Dictionary Property that is not used for business or investment purposes percentage depletion meaning.
How works Percentage Depletion meaning in Tax definitions P .
