1 The folder named General Math contains pdfs that are tests from the years 1993 - 1994 and 2002 - 2009. 2  This folder is divided into subfolders named by year. 3  Each of these years contains individual tests for each UIL test type (A, B, District 1, District 2, Regional, State) and the TMSCA State test from that year.
You must reduce the basis of property by the depreciation allowed or allowable, whichever is greater. Depreciation allowed is depreciation you actually deducted (from which you received a tax benefit). Depreciation allowable is depreciation you are entitled to deduct.
The tax on the distribution and the deductibility of loss depend on stock basis. However, the stock basis must be adjusted by flow-through items from the S corporation in a particular order: basis is increased for income items and excess depletion. then decreased for: distributions.