释义 |
DictionarySeepalMedicalSeePALSPassive Activity Loss
Passive Activity Loss (PAL)A loss incurred in participating in passive investing.Passive Activity LossA 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 lossThe situation when expenses are greater than income from a passive activity.AcronymsSeePAL |