Form 8582 is a tax document specifically designed to calculate how much passive activity loss can be claimed on your tax return in a given year
passive activity 1.An activity involving a trade or business in which the taxpayer does not materially participate. 2.Any engagement in real estate rental activity. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton...
Passive Activity Loss (redirected fromPassive Activity Losses) Passive Activity Loss (PAL) Alossincurred in participating inpassiveinvesting. Copyright © 2012,Campbell R. Harvey. All Rights Reserved. Alossresulting from apassive investment. For example,rental incomeis considered passive; if atenantdo...