passive activity loss
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Passive Activity Loss Rules — A set of rules that prohibits using passive losses to offset earned or ordinary income. Passive activity loss rules prevent investors from using losses incurred from income producing activities in which they are not materially involved. Being… … Investment dictionary
Passive Activity — An activity from which you have the potential to profit but in which you do not physically participate. The income from rental properties is a good example of a passive activity. Making a distinction between passive and active income is important … Investment dictionary
passive — As used in law, this term means inactive; permissive; consisting in endurance or submission, rather than action; and in some connections it carries the implication of being subjected to a burden or charge. As to passive debt passive negligence… … Black's law dictionary
Passive nuclear safety — describes a safety feature of a nuclear reactor that does not require operator action or electronic feedback in order to shut down safely in the event of a particular type of emergency (usually overheating resulting from a loss of coolant or loss … Wikipedia
passive loss — ➔ loss * * * passive loss UK US noun [C or U] FINANCE ► a loss that results from a business activity in which you are not involved in an active way: »Many who earn money from renting out properties have suffered large passive losses since the… … Financial and business terms
Suspended Loss — A capital loss that cannot be realized in a given tax year due to passive activity limitations. These losses are therefore suspended until they can be netted against passive income in a future tax year. Suspended losses are incurred as a result… … Investment dictionary
PAL — passive activity loss убытки от пассивной (инвестиционной) деятельности … Финансово-инвестиционный толковый словарь
Cancellation of Debt (COD) Income — Part of a series on Taxation Taxation in the United States … Wikipedia
Tax attribute — The Internal Revenue Code contains a limited number of specific statutory provisions excluding from income economic benefits that would otherwise constitute gross income under the Code. IRC § 108 constitutes one such exclusion. Section 108… … Wikipedia
PAL — Color palette (Computing » File Extensions) Phase Alternating Line (Computing » General) Police Athletic League (Community » Law) Police Athletic League (Community » Sports) **** Programmable Array Logic (Computing » General) *** Pahlavi… … Abbreviations dictionary
