nontaxable

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Definition of nontaxable

2 senses · 2 parts of speech · etymology included

adj

(not-comparable)Not subject to being taxed.

“[…] It is going to be up to the taxpayer, if they receive a 1099 in any form for a nontaxable event, such as splitting rent among roommates, splitting a dinner bill, or even selling something on eBay for less than you paid for it, to explain to the IRS that the 1099 was received for a non-taxable transaction,” said Mark Luscombe, principal analyst for tax publisher Wolters Kluwer Tax & Accounting.”

See all 2 definitions

adj

(not-comparable)Not subject to being taxed.

“[…] It is going to be up to the taxpayer, if they receive a 1099 in any form for a nontaxable event, such as splitting rent among roommates, splitting a dinner bill, or even selling something on eBay for less than you paid for it, to explain to the IRS that the 1099 was received for a non-taxable transaction,” said Mark Luscombe, principal analyst for tax publisher Wolters Kluwer Tax & Accounting.”

noun

Definitions from Wiktionary, CC BY-SA.

From non- + taxable.

200+ playable · top: TAXABLE (16 pts)

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