Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,668,185 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

passive activity loss
(redirected from Passive Activity Losses)

     0.03 sec.
Passive Activity Loss (PAL)
A loss incurred in participating in passive investing.
Passive Activity Loss
A loss resulting from a passive investment. For example, rental income is considered passive; if a tenant does not pay his/her rent, this may be considered a passive income loss. Passive income losses may only offset passive income gains; they may not offset earned income. Furthermore, passive income loss may not be carried back; it may only be carried forward.
passive activity loss
The situation when expenses are greater than income from a passive activity.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
The IRS disallowed some of these losses from each year, asserting that the losses were passive activity losses because the taxpayers had failed to meet the material participation requirements of Sec.
Interests in LLCs and LLPs not presumed to be passive activities by Beavers, James / The Tax Adviser
469(a) as passive activity losses on the ground that the couple did not materially participate in the business entities' activities.
Nonpassive losses: new case treats losses from LLPs, LLCs as ... by Josephs, Stuart R. / California CPA
Congress Gets Aggressive About Passive Activity Losses At one time, there were few limits on a taxpayer's ability to offset losses from one activity against income from other activities.
Are you a real estate professional? by Wieder, Marc / Real Estate Weekly
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.