"Passive Income"

Income to certain taxpayers (including S corporation shareholders) that is subject to the passive activity loss (PAL) rules because the taxpayer does not materially participate in the business activity producing the income. Generally includes receipts from royalties, rents, dividends, interest, annuities, and the sale and exchange of stock and securities.

Depository glossary and terms by letter

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0

Was this page helpful? Yes: 0 No: 0 4