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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译者Pablo,毕业于国内一流的高级翻译学院,擅长翻译各种与消费者财务监管相关的法律文件。
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