"You might even want to leave the money in as a nondeductible contribution."

But for now, the loss is considered personal, and hence nondeductible.

If they do not change the house's status, any nondeductible loss can be carried forward to a future year.

To designate contributions as nondeductible, you must file Form 8606.

Capital losses on homes are, and would continue to be, nondeductible under the President's proposal.

People who fail to comply owe nondeductible interest of 7 percent on the amount due.

But because you've already paid tax on the nondeductible contributions, it shouldn't get another bite of those amounts.

On returns now being filed for 1987, 65 percent of otherwise nondeductible losses are permitted.

Nondeductible contributions are not subject to tax upon withdrawal.

There is always plastic, but the interest is ruinous, and nondeductible.

The additional money may also be put to better use paying off high-interest nondeductible consumer debt.

These nondeductible contributions are not taxed when they are distributed to you.

That was a nondeductible contribution, so you feel you're entitled to a nontaxable distribution.

The outlook for nondeductible contributions is less clear.

"That's because a greater percentage of the building's expenses goes to nondeductible expenses."

Any designated nondeductible contribution for the year made on behalf of the spouse with the greater compensation.

The amount you keep will generally be taxable (except for the part that is a return of nondeductible contributions).

The $40 that is nondeductible is considered the fair market value of the entertainment benefit.

Is it worthwhile to make a nondeductible contribution?

When you have an abrupt change from fully deductible to nondeductible, it's not an easy adjustment for many people.

Any extra fee paid to a ticket agent or a scalper is nondeductible.

Under such circumstances even condominium common charges, formerly nondeductible, can be factored in.

You do not have to designate a contribution as nondeductible until you file your tax return.

Some of those contributions may be nondeductible contributions.

When you file, you can even designate otherwise deductible contributions as nondeductible.

The plan would create accounts into which taxpayers could make non-deductible contributions.

The levy is a specific one stage non-deductible tax.

And waiting will save you the trouble of taking out any excess that's non-deductible."

The maximum penalty, which is non-deductible, is 25 percent of the late payment.

Input tax that is always non-deductible, such as that on business entertainment and some cars.

The Code effectively forces these companies to reclassify excessive interest into non-deductible dividends.

In its tax assessment, merely 5% of the dividends are added to profits as non-deductible operating expenses.

Certain items of income, however, are exempt from tax and certain costs are non-deductible.

Thus, a flat tax proposal is not fully defined until it differentiates deductible and non-deductible expenses.

Non-deductible contributions were allowed.

He said Nynex was also asking workers to pay $10.27 a week if they wanted to keep non-deductible policies requiring no payments before benefits are forthcoming.

Accordingly, traditional IRAs are sometimes referred to as either "deductible" or "non-deductible."

Dividend payments are non-deductible.

Investors who choose not to make non-deductible contributions may retain I.R.A. accounts they already have.

The court held that these expenses were non-deductible family expenses because they were incurred as a result of the loss of the wife's services.

The tax is non-deductible against corporation or income tax to the company effectively increasing its cost to 69.4% for a company with current taxable profits.

Non-deductible medical expenses include:

Much of the money, however, was actually intended for a entirely non-deductible cause: the purchase of guns and ammunition for the contras.

Mr. Channell pleaded guilty today to violating tax laws by collecting tax-exempt donations and using them for non-deductible purposes.

For people with 10 or 20 years until retirement, it may make sense to contribute to a non-deductible I.R.A., because the earnings will compound tax-free.

(Just what was that I.R.A. non-deductible basis section, anyway?)

It includes non-deductible value added tax and other taxes on products, transport and marketing costs and tips paid over and above stated prices.

The Internal Revenue Commissioner concluded that the cost of oilproofing was a non-deductible capital improvement to the business and should be recovered through depreciation charges.

If you use the house less than that, the mortgage interest is considered personal interest, which is subject to new deductibility limits and eventually will be non-deductible.

"Administratively, non-deductible I.R.A.'s are going to be a nightmare," said Mr. Silver.