What RECOVERY OF COST means: The amount that was paid for income received--usually a factor only in income from sales of items purchased for resale, income from sales of property, and income from pensions or annuities. The portion of income that represents recovery of cost is not taxable.
- Definition Refund Feature:
- Dictionary An annuity has a refund feature if the annuitant and/or his or her survivors are guaranteed to receive an amount under the annuity at least eqaul to the amount paid for the annuity recovery of cost definition.
- Definition Railroad Retirement Tax Act:
- Dictionary The law that provides for railroad retirement benefits recovery of cost explain.
- Definition Recharacterization:
- Dictionary Recharacterization is the process of changing the character of a traditional IRA contribution to a Roth IRA contribution or vice versa recovery of cost what is.
- Definition Rental Income:
- Dictionary the taxpayer for allowing another person's use of the taxpayer's property. Rental income includes advance rental payments, late payments, and current payments. Payments received for lease recovery of cost meaning.
How works Recovery of Cost meaning in Tax definitions R .
