Examples of Qualified Indebtedness in a sentence
Qualified indebtedness is defined as debt, limited to $2 million ($1 million if married filing separately), incurred in acquiring, constructing, or substantially improving the taxpayer’s principal residence that is secured by such residence.
Qualified indebtedness (secured debt used for medical and educational pur- poses).
This was necessary because Israel was not a member of the UN at the time of the assassination of Count Folke Bernadotte, which gave rise to the UN’s claim against it.195 On this point, the Court held that:196 fifty States, representing the vast majority of the members of the international community, had the power, in conformity with international law, to bring into being an entity possessing objective international personality, and not merely personality recognised by them alone ...
Qualified indebtedness is defined as debt, limited to $2 million ($1 million if married filing separately), incurred in acquiring, constructing, or substantially improving the taxpayer’s principal residence.
Be- cause, under paragraph (m)(4)(i) of this section, a replacement debt will not have any grandfathered amount in any taxable year that begins after the ma- turity date of the original debt (May 1, 2006), the second debt has no grand- fathered amount in any taxable year after 2006.(n) Qualified indebtedness (secured debt used for medical and educational pur- poses)—(1) In general—(i) Treatment of qualified indebtedness.