Cincinnati Bearcats. The American logo in Cincinnati's colors. The Cincinnati Bearcats are the athletic teams that represent the University of Cincinnati. The teams are members of the American Athletic Conference (The American), which from 1979 to 2013 was known as the Big East Conference.
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.
Your starting basis in your home must be reduced by any items that represent a return of your cost. These include: 1  depreciation allowed or allowable if you used part of your home for business or rental purposes. 2  the amount of any insurance or other payments you receive as the result of a casualty or theft loss.