Passive Activity Loss

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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.
References in periodicals archive ?
Detroit PAL is a nonprofit organization positively impacting the lives of nearly 12,000 children each year through athletic, academic and leadership development programs with roots dating back to 1969.
Since March 2012, PAL has acquired 17 airplanes including the high end B777-300ER; the long-range A340-300; the single-aisle A320-200; and a derivative model, the A321-231.
Jagdambika Pal was not involved in the Ram Janmabhoomi movement.
The service is quite stretched even though the pals we have are very dedicated.
PAL was suspended from the clearing house in September last year after falling behind on its interline dues while in the process of rehabilitation.
Jennifer is looking forward to the day her pen pal, Amber, comes to visit her in California.
Pal defaulted under the Bankers Trust mortgage and they were notified in December, 1988 that unless they cured their defaults by the following month, they would face foreclosure.
Pal of the University of Ilorin in Nigeria and Kenneth M.
Detroit PAL is thrilled at the opportunity to redevelop the original Tiger Stadium field," said Tim Richey, CEO of Detroit PAL.
In September, PAL received its first brand-new A330-300 direct from the Airbus manufacturing plant in Toulouse, France and is waiting for Four more, which will be delivered before the year ends.
The Chairman, PEMRA appreciated good intention of PAL and promised to ensure full cooperation for realization of this project.
PAL pilots started looking for jobs because they lost faith in PAL management, said the source, adding that the pilots no longer believed the promise of PAL president Jaime Bautista that pilots would no longer be transferred to Air Philippines, PAL's sister company which offers lower pay, the source explained.