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Home > Terms > English, UK (UE) > Passive activity
Passive activity
Passive activity consists of a trade or business in which the taxpayer does not materially participate, or any rental activity. Losses and tax credits from a passive activity may only be taken against the taxpayer's aggregate income from all passive income and not against active income or portfolio income, I.R.C. § 469.
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: Real estate investment
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