Examlex
If a taxpayer sells a passive activity with suspended passive activity losses from prior years, what type of income can generally be offset by the suspended passive losses in the year of sale?
Present Value
The current value of a future amount of money or stream of cash flows, discounted at a specific interest rate.
Capital Lease
A capital lease is a lease classified by the lessee as an asset on its balance sheet, indicating that it effectively has the economic ownership of the asset, even though legally it may not own the asset.
Lease Liability
An obligation representing future lease payments a lessee is required to make under a lease agreement.
Discount Rate
The discount rate applied in calculating the present value of future cash flows during discounted cash flow analysis.
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