from The American Heritage® Dictionary of the English Language, 4th Edition
- n. The price, as of a commodity or service, at which both buyers and sellers agree to do business.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The price at which the buyer and seller are willing to do business.
Sorry, no etymologies found.
Although you are not limited by the amount of the deduction you can take, if the car you leased has a fair market value of over $13,400, you must add a fixed-dollar amount each year to your taxable income as determined by Congress, creating the same effect as the luxury-car deduction limit!
And it would be Edmond Rabb who determined what the fair market value was.”
IRS rules state that you can rent to a family member and still take all the allowable real estate rental-property deductions, including depreciation, provided you charge your renter/family member at least 80% of the fair market value rent each month.