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 ?
Pal located at 900 Park Avenue, New York City, New York.
PALS Marketplace offers both training and support from literacy specialists for teachers using PALS, PALS espanol, and PALS Online Score Entry & Reporting System.
Samuel, Chair of the PALS Board of Directors and a trademark and copyright attorney at Colgate-Palmolive Company.
Proceeds from the event included donations from Paul's PALs where a minimum $100 donation makes possible the participation of at least two young people in Detroit PAL programs.
If the property is frequently profitable, occasional PALs are hardly a concern, as the taxpayer can carry the loss forward.
As in previous years, the older kids sent questionnaires about what their pen pals like and dislike.
TONKA WHEEL PALS SPIN N GO RACEWAY playset (ages 18 months and up) will be available Fall 2007 for an approximate retail price of $29.
12, 2014 /PRNewswire/ -- PALS Marketplace, a division of CaseNEX, LLC proudly announces the release of PALS espanol.
10th Cir, 11/14/00, a C corporation had suspended PALs from real estate during the years 1988-1990.
West Valley Division: This division, working with PALS, schools, churches and social services, has a long list of families in need.
By connecting up to 10 Pixel Chix(TM) environments - including the new Pixel Chix(TM) Two-Story House (also launching this fall), the Pixel Chix(TM) Road Trippin(TM) Car or original Pixel Chix(TM) House - girls can create the ultimate virtual world, allowing their Pixel Chix(TM) pal to transition from one "house" to the next and visit with other Pixel Chix(TM) pals.