What SALVAGE VALUE means: The estimated value that will be realized upon the sale or other disposition of an asset at the end of its useful life.
- Definition Section 1250:
- Dictionary is sold, gain must be recaptured as ordinary income to the extent of the depreciation claimed in excess of straight line. Section 1250 is the section of the Internal Revenue Code that requires this salvage value definition.
- Definition Self-Employment Tax:
- Dictionary Self-employment tax is social security/medicare tax paid by self-employed individuals. See our Social Securty Wages and Earnings Base rate table for the current income base salvage value explain.
- Definition SEP:
- Dictionary See Simplified Employee Pension salvage value what is.
- Definition Short-Term Gain Or Loss:
- Dictionary Gain or loss on the sale or exchange of a capital asset held one year or less salvage value meaning.
How works Salvage Value meaning in Tax definitions S .
