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 ?
Mohsin Pal sent some of his couplets to his father which is as under for review and correction:
Reacting to Pal's flip- flop political career, BJP leader Hriday Narayan Dixit said: " He ( Pal) was with all the political parties between 1988 and 1999.
"The decision to form PAL Europe came about due to the ending of the sales agreement between PAL and STS Industrie S.A.
"The service is quite stretched even though the pals we have are very dedicated.
The deal with IATA also requires PAL to make a security deposit of 12 million dollars payable over three months.
If you would like to have a pen pal, send your name, address, and age to the address below.
Further, Wender asserted that action on the part of the board of managers in approving the lease knowing that the Pals were in default in the payment of common charges for a year and a half are grounds to deny Bankers Trust its right to foreclose Wender's lease.
Neither Loper nor Pal and Creer are the first to suggest and model links between these different periodic processes.
PAL's listed operator PAL Holdings lost P4.33 billion in 2018, partly as jet fuel prices rose and competition remained aggressive.
PAL spokesperson Cielo Villaluna told the Philippine News Agency (PNA) that Santa Maria assumed the post on Monday, while Tan's daughter, Vivienne, remains PAL executive vice president and chief administrative officer.
PAL board to tackle new strategies next week !-- -- Richmond Mercurio (The Philippine Star) - July 22, 2019 - 12:00am MANILA, Philippines The Philippine Airlines (PAL) board is set to meet next week to iron out strategies to be undertaken during its ongoing transition period, including the selection of the company's next president.
Philippine Airlines (PAL) yesterday confirmed the appointment of PAL Executive Vice President Vivienne K.