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.]

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词条贡献者

法律翻译Walker，在一家美国白鞋所担任专职法律翻译，专注翻译各类与特拉华州业务有关的法律文件。