Human Depletion Allowance?

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  • veritas
    Senior Member
    • Dec 2005
    • 3290

    #1

    Human Depletion Allowance?

    Where do I enter on my return?
  • Unregistered

    #2
    Schedule R

    Comment

    • jainen
      Banned
      • Jul 2005
      • 2215

      #3
      Human Depletion Allowance

      Human Depletion Allowance is a 30% reduction in your total tax. If you qualify, deduct it as a credit on Line 55. (Note that it is not possible to qualify since it is purely fictional.)

      Comment

      • geekgirldany
        Senior Member
        • Jul 2005
        • 2359

        #4
        Also note that all states may not recognize the special allowance from Tax Preparer Rest Relief Act of 2002. Therefore you must add back the 30% reduction in tax on line 1056 of page 33 on the states that do not qualify.

        Comment

        • veritas
          Senior Member
          • Dec 2005
          • 3290

          #5
          Excellent point. I hadn't thought it completely through.

          Comment

          • Matt Sova
            Senior Member
            • Jun 2005
            • 645

            #6
            Remember

            Women only get a partial credit since they are only 3/4 of a person.

            (Just kidding ladies!!)
            I would put a favorite quote in here, but it would get me banned from the board.

            Comment

            • oceanlovin'ea
              Senior Member
              • Jun 2005
              • 2682

              #7
              Extra credit

              Actually, Matt, women should get extra if not double the credit. They not only work, but take care of children and the house.

              Working mothers ( and grandmothers) should NEVER have to pay taxes.

              Linda F

              Comment

              • Matt Sova
                Senior Member
                • Jun 2005
                • 645

                #8
                Chuckle

                Great response to my extreme pigginess. Thanks for the laugh!
                I would put a favorite quote in here, but it would get me banned from the board.

                Comment

                • Gretel
                  Senior Member
                  • Jun 2005
                  • 4008

                  #9
                  AND going back in time when humans were created: Adam is missing a rip, Eve is complete, so lets say Adam is 90% of a person?

                  Comment

                  • Matt Sova
                    Senior Member
                    • Jun 2005
                    • 645

                    #10
                    True, but

                    Didn't God create Eve out of Adam's rib and a whole bunch of dirt? So Eve would be worth one rib and some dirt.
                    I would put a favorite quote in here, but it would get me banned from the board.

                    Comment

                    • oceanlovin'ea
                      Senior Member
                      • Jun 2005
                      • 2682

                      #11
                      Cost of dirt

                      Have you priced real estate lately? Dirt is pretty expensive.

                      Linda F

                      Comment

                      • Safire
                        Senior Member
                        • Jun 2005
                        • 253

                        #12
                        That's prime real estate baby!

                        Comment

                        • Gretel
                          Senior Member
                          • Jun 2005
                          • 4008

                          #13
                          Originally posted by Matt Sova
                          Didn't God create Eve out of Adam's rib and a whole bunch of dirt? So Eve would be worth one rib and some dirt.
                          Wait a minute...

                          By your logic, what do you think Adam was made of...you are right: dirt only, now what?

                          And the price of dirt when Adam was made was cheaper then the price of dirt use for Eve, you know, increasing prices, even back then.

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