Sentences with phrase «lose your tax deductibility»

If the income is not taxable, then the original investment loan loses its tax deductibility.

Quentin; I guess it would work but you would lose your tax deductibility advantage at that point.

Not exact matches

He said the governor proposes to decouple the state tax code from the federal government's, a move that would restore deductibility many New Yorkers stand to lose under the new federal tax overhaul.

«If you add on top of it disadvantaging our taxpayers with this double taxation if they would lose this deductibility of state and local taxes, you're talking about a triple whammy to hit New York state.

If we assume there will be about 8 % charge - offs, that the charge - offs losses are «bad debt» and therefore short - term capital losses, and if you're in the 25 % tax bracket, and if we assume your capital losses will offset capital gains, then having the investment in an IRA and losing the deductibility of the short term losses would cost 2 % (8 % * 25 %) of tax benefit.