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 ?
He added PAL is now in discussions with the Civil Aviation Authority of the Philippines and the Federal Aviation Administration for the necessary permits.
Mohsin Pal sent some of his couplets to his father which is as under for review and correction:
In April, PAL will add services on the Cebu to Bangkok route by offering daily flights from the current thrice per week.
Meanwhile, Pal himself braved voluble BJP members to clear the air about his mention in the Liberhan Commission report.
Our goal with School PALs is to encourage teachers to seek training and more fully understand the impact of handhelds on teaching and learning," Chavez explains.
In the meantime PAL UK's activities will be phased out and replaced by PAL Europe, but there will be no discontinuity of service to the existing customer base, and future opportunities will be pursued in a seamless transfer of interests.
Urban trees are often overlooked as part of the forest," PAL executive director Marcus von Skepsgardh says, "but the forest is actually in our own back yard.
The Pals in Pregnancy scheme is looking for more mums who have survived difficulties to act as confidants to those who may be experiencing the same kind of problems.
PAL was suspended from the clearing house in September last year after falling behind on its interline dues while in the process of rehabilitation.
A pen pal is a friend that you write letters to, and he or she writes letters back to you.
Use crayons or markers to draw arms legs, and other details to create a unique Fingerprint Pal.
Pal located at 900 Park Avenue, New York City, New York.