Tag: deduction

Net Loss

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...

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