You know what it looks like… but what is it called?
TAKE THE QUIZtax benefit rule
noun
: a tax rule requiring that if an amount (as of a loss) used as a deduction in a prior taxable year is recovered in a later year it must be included in the gross income for the later year to the extent of the original deduction
Note: If the amount of the loss was not taken as a deduction in the year the loss occurred, the recovered amount is not counted as income.
Love words? Need even more definitions?
Merriam-Webster unabridged
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- The business’s new computer system proved not to be a panacea.


Can you make 12 words with 7 letters?
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