passive loss

A loss, with limited tax deductibility, from an activity in which the taxpayer does not materially participate, from a rental activity, or from a tax-shelter activity. [Cases: Internal Revenue 3418. C.J.S. Internal Revenue § 199.]

---

词条贡献者

译者Joanne，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与房地产业相关的法律文件。