Examples of Qualified residence in a sentence

Capitalization provi- sions (within the meaning of paragraph (m)(7)(i) of this section) do not apply to interest expense allocated to any per- sonal expenditure under the rules of this section.(3) Qualified residence interest.
Any necessary disclosure to fiscal or legal advisers and disclosure of the necessary technical particulars to subcontractors is permissible without special written authority of the information giver when the disclosure of information is limited to the scope necessary for the performance of this Agreement and the information recipients their part undertake to treat the information in strict confidence or have professional duty of secrecy by law.
Acquisition indebtedness and home equity indebtedness Qualified residence interest is interest on acquisition indebtedness and home equity indebtedness with respect to a principal and a second residence of the taxpayer.
Qualified residence interest is interest paid or accrued during the taxable year on either acquisition indebtedness or home equity indebtedness.
Home mortgage interest deduction In lieu of taking the standard deduction, a taxpayer may elect to claim an itemized deduction for qualified residence interest, subject to limitations, notwithstanding the general rule that personal interest is nondeductible.35 Qualified residence interest means interest on either acquisition indebtedness or home equity indebtedness.

More Definitions of Qualified residence

Qualified residence means homestead property, but

Qualified residence means real property, but less any portion of that property that is

Qualified residence means a residence that (1) is real property affixed on a permanent foundation, (2) is (i) a house which contains four or fewer residential units, (ii) a condominium unit, or (iii) a house or apartment owned by a cooperative housing; (3) is part of a qualified project which has received an allocation from a neighborhood homes credit agency, and (4) is located in a qualified census tract (determined as of the date of such allocation).

Qualified residence means any residence

Qualified residence means any residence meeting the criteria established in Section 3.20.020 of this chapter and located within the corporate limits of the city of Salisbury.

Qualified residence means any class four residential dwelling in Montana that is a single-family

Qualified residence means a single family residence, the acquisition cost of which does not exceed the maximum purchase price.