Examples of Ordinary and necessary expenses paid or incurred in a sentence
Ordinary and necessary expenses paid or incurred during the tax year in connection with income, or property held to produce income, that is subject to New York State income tax, but exempt from federal income tax, if these expenses were not deducted on the federal return or subtracted on line 5.
Ordinary and necessary expenses paid or incurred in connection with income, or property held to produce income, that is exempt from New York State income tax, if not added on line 3.
Ordinary and necessary expenses paid or incurred in connection with the management, conservation, or mainte- nance of property held for use as a resi- dence by the taxpayer are not deduct- ible.
State, local, and foreign income taxes properly deductible as an itemized deduction rather than a deduction for federal adjusted gross income.B. Interest expense on money borrowed to buy or carry bonds or securities whose income is exempt from New York State income tax, if not added on line 3.C. Ordinary and necessary expenses paid or incurred in connection with income or property held to produce income that is exempt from New York State income tax, if not added on line 3.
H Ordinary and necessary expenses paid or incurred during 1996 in connection with income, or property held for the production of income, which is subject to New York income tax but exempt from federal income tax, if these expenses were not deducted on your federal return or shown as a New York subtraction on the front page of your state return.
A Ordinary and necessary expenses paid or incurred in connection with income, or property held for the production of income, which is exempt from New York income tax but only to the extent deducted in figuring your federal taxable income.
Total all your subtractions and include that amount in the total for line 9.A Ordinary and necessary expenses paid or incurred in connection with income, or property held for the production of income, which is exempt from New York income tax but only to the extent deducted in figuring your federal taxable income.B Amortization of bond premium attributable to 2000 on any bond whose interest income is exempt from New York income tax, but only to the extent deducted in figuring your federal taxable income.
B Ordinary and necessary expenses paid or incurred in connection with income, or property held for the production of income, which is exempt from New York income tax but only to the extent deducted in figuring your federal taxable income.
H Ordinary and necessary expenses paid or incurred during 1998 in connection with income, or property held for the production of income, which is subject to New York income tax but exempt from federal income tax, if these expenses were not deducted on your federal return or shown as a New York subtraction on the front page of your state return.
State, local, and foreign income taxes properly deductible as a federal itemized deduction rather than a deduction for federal adjusted gross income.B. Interest expense on money borrowed to buy or carry bonds or securities whose income is exempt from New York State income tax, if not added on line 3.C. Ordinary and necessary expenses paid or incurred in connection with income or property held to produce income that is exempt from New York State income tax, if not added on line 3.