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[ adjective ] deductible according to the tax laws
Used in print (Your Federal Income Tax. 1962 Edition (Revised to...)If you are a life_tenant , you deduct allowable depreciation and depletion . If you are an income beneficiary of property held in trust or an heir , legatee , or devisee , you may deduct allowable depreciation and depletion , if not deductible by the estate or trust . Deductible losses on sales or exchanges of property are allowable in determining your Adjusted_Gross_Income . Related terms |
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[ adjective ] deserving to be allowed or considered
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[ adjective ] possible to allow
Synonyms Examples "a degree of freedom allowable among friends" Related terms |
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