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active participation

   Also found in: Acronyms 0.02 sec.
active participation

An IRS term relating to passive activity losses that can be deducted only against passive activity income, not against ordinary income. Rental activities are always passive, unless you are a real estate professional.There is a small loophole—if you or your spouse actively participated in a passive rental real estate activity,you can still deduct up to $25,000 in rental activity losses from ordinary income.As a result,taxpayers are eager to prove they have active participation in their real estate investments so that large depreciation expenses, for example, can shelter income from other sources.Active participation can be shown if you make bona fide management decisions such as approving new tenants,deciding rental terms,approving expenditures,and similar activities. (See IRS Publication 925, “Passive Activity and At-Risk Rules” at the IRS Web site www.irs.gov.)


Active Participation
The level of involvement in the management of residential rental real estate property that allows the landlord to deduct annually up to $25,000 of losses from the rental of such property. You are generally considered to be an active participant if you own 10% or more of the property and you make significant management decisions, such as approving new tenants and setting the lease terms.


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During a visit to the prime minister, a delegation from the League of Independent Activists, IndyACT and a number of Lebanese NGOs stressed the need for active participation by Lebanon at the meeting,
Summary: TEHRAN (FNA)- Turkmen Vice President in Oil and Gas Affairs Baymorad Khajeh Mohammadov urged Iranian oil, engineering and industrial companies to show an active participation in his country's energy market.
Likewise, non-programme outlets including active participation of NGOs, ulema, media men, LHVs and other community leaders has been ensured to realize the benefits of a small family to the people at large, however, she asked the public representatives and ulema to come forward and to create awareness among general public against the menace of fatal diseases and brief the people regarding protective measures of
 
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