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 ?
By next month, PAL will start flights on the Davao to Siargao route.
By the middle of this year, PAL expects delivery of the initial batch of A350-900s it ordered from Airbus.
The Polar Route Operation that PAL would undertake is shorter and therefore would consume less gasoline than the direct flight across the Pacific from Manila.
Siya ay isang separated PAL employee base sa pinangunahan at pinirmahan niyang Settlement Agreement between PALEA at PAL noong Nobyembre 14, 2013," the group said.
Under a codeshare cooperation, both PAL and Qatar Airways will serve Doha.
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.
Jahan Ara Pal informed me that she has accomplished the mission she had undertaken and the book has been published.
The result: PALs (palmOne Academic Leaders), a two-part initiative of Trainer PALs and Schools PALs.
PAL Europe will take over the management of existing agents such as Georges Epinette's Index International srl in Italy and TechKnowledge Ltd of Israel and is actively seeking similar arrangements throughout mainland Europe and the farmer Eastern Bloc countries.
Rather than make chips or mulch, PAL creates veneer, paneling, furniture, flooring, decking and material for wood sculptors from its accepted trees, trunks and timber sections.
The idea is that the pal has probably been through similar sorts of experiences and so they can really empathise with what the mum-to-be is going through.
Ailing Philippine Airlines (PAL) has been readmitted to the clearing house facility of the International Air Transport Association (IATA) after settling 32 million dollars in debts with the airline industry body, PAL said Monday.