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 Regulated Investment Company (Mutual Fund):
- Dictionary that uses its capital to invest in other companies. The two principal types are closed-end and open-end mutual funds. Shares in closed-end mutual funds, some of which are listed on stock exchanges recovery of cost definition.
- Definition Return Of Capital Distribution:
- Dictionary capital distribution is a distribution that is not from the corporation's earnings and profits. The distribution is not taxable, but reduces the basis of the stock. Distributions in excess of recovery of cost explain.
- Definition Royalty:
- Dictionary A payment received for the right to exploit a taxpayer's ownership of natural resources or a taxpayer's literary, musical, or artistic creation recovery of cost what is.
- 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 meaning.
How works Recovery of Cost meaning in Tax definitions R .
