Passive loss deductions

Passive loss deductions or passive activities deductions are deductions from trades or businesses in which the taxpayer is only "passively" involved in, such as income from portfolios and tax refunds. The "loss" deductions come into play when the amount of "passive deductions" exceed "passive activity gross income" for the taxable year.



Investing terms and definitions starting with
Numbers A B C D E F G H I J K L M N O P Q R S T U V W Q Y Z




Copyright 2021