Allocation of deductions

January 1998
Practical Accountant;Jan98, Vol. 31 Issue 1, p21
Trade Publication
States that the source of funds determines whether deductions are to be divided on spouses' separate return, althought the property was the husband's separate property as it relates to tax deductions.


Related Articles

  • Full basis step-up for pre-`77 spousal joint interest.  // Practical Accountant;Jun96, Vol. 29 Issue 6, p18 

    Gives an example on the use of tax amendments on real estate properties in the United States. Example on the elimination of a property's taxable gain.

  • Disaster relief for taxpayers.  // DollarSense;Winter92/93, p13 

    Provides information on tax benefits available to the property owner after natural or man-made disasters. How a casualty loss is measured; Deduction limit; Federal disaster area benefits; Disaster Relief and Emergency Assistance Act; Tax advisers suggestions.

  • Mortgage interest deductibility and housing prices. Cecchetti, Stephen G.; Rupert, Peter // Economic Commentary;02/01/96, p1 

    Discusses whether or not eliminating the tax deductibility of home mortgage interest will reduce the value of owner-occupied housing. How the flat tax acts as a pure consumption tax; Beneficiaries of a mortgage interest deduction; Unlikelihood for normal swings in the housing market to swamp...

  • Power, recognition, and limited immortality...in a soft real-estate market. DuFlo, Paul // Business Journal Serving Southern Tier, CNY, Mohawk Valley, Fing;10/30/95, Vol. 9 Issue 22, p1 

    Discusses the tax benefits of donating commercial real estate to a private not-for-profit corporation. Personal tax rates on ordinary income; Factors entailed in the management of gifts of real property; Purpose of tax codes.

  • Working off property taxes.  // State Legislatures;Oct/Nov96, Vol. 22 Issue 9, p11 

    Announces that the New Jersey Assembly has passed a bill that would allow resident homeowners to offset their property tax bills by working for the municipality, county or school district in jobs vacated by retirement or resignation. Opposition to bill by state league of municipalities;...

  • TAX PLANNING. Rodgers, Gerald // Stonewall County Courier (Aspermont, TX);8/16/2007, Vol. 21 Issue 42, p6 

    The article discusses key issues concerning the tax treatment of ordinary repairs or maintenance of buildings and business equipment as deductible business expenses in Texas in 2007.

  • Home inequity. Kemper, Vicki // Common Cause Magazine;Summer94, Vol. 20 Issue 2, p14 

    Discusses the federal benefits for homeowners in the form of mortgage interest and property tax deductions. Costs to the United State Treasury; Inequitable distribution of deduction benefits; Influence of real estate and lending lobbies; Calls for mortgage deduction limits by housing activists...

  • Avoiding discharge-of-indebtedness income. Biblin, Allan // Journal of Property Management;May/Jun94, Vol. 59 Issue 3, p68 

    Gives advice on how to avoid discharge-of-indebtedness income tax in the United States. Use of the exception called qualified real property business indebtedness (QRPBI); Description of QRPBI; Limitations on the amount of discharge of indebtedness income that can be excluded from taxation;...

  • Cost of government goes up in tax bills. Hatfield, David // Inside Tucson Business;9/29/2008, Vol. 18 Issue 17, p22 

    The author reflects on the higher property tax bills in Tucson, Arizona. He claims that his property tax bills rose up to 11.5 percent. He argues that people's savings may have been lost by the turmoil in the financial markets, home values are declining and more are struggling to live from...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics