Sentences with phrase «expense allocable»

However, a financial institution may deduct 80 percent of its interest expense allocable to «qualified tax - exempt obligations,» which are a special type of tax - exempt obligation issued by qualified small issuers that reasonably anticipate issuing no more than $ 10 million in tax - exempt obligations during the calendar year.

Not exact matches

The charge reflects the direct operating cost of the aircraft, including fuel, additives and lubricants, an allocable allowance for airframe, engine and APU maintenance and restoration, crew travel expenses, on board catering, and trip - related landing / hangar / ramp fees and parking costs.

This includes any losses, expenses, and other normally deductible items are are allocable to the excluded income.

Some contributing factors include the amount of allocable time that the student has available to look for properties, budget and monetary restraints such as bills and household expenses, amount of time necessary to overcome the learning curve to learn how to wholesale, ability to operate as a real estate investor without income for a certain period of time, computer and technology skills, luck and many other contributing factors.

The exception for interest allocable to a real property trade or business reflects policymakers» understanding that limits on the deduction for interest expense could have enormous negative consequences for property values, real estate markets, and economic growth.