Tag: deduction
Net Loss
What is net loss
Net loss is defined as the value of a company's total expenses minus its total revenue. In other words, it is...
Job Hunting Expenses
What is 'Job Hunting Expenses' Costs that individuals may be allowed to deduct on their federal tax returns to reduce their total...
Qualifying Domestic Trust (QDOT)
Qualifying Domestic Trust (QDOT) What is 'Qualifying Domestic Trust - QDOT' A type of trust that allows taxpayers who are not...
Gambling Loss
What is 'Gambling Loss' A loss resulting from games of chance or wagers on events with uncertain outcomes (gambling). These losses can...