Examlex
What process is used to convert corn oil into sticks of corn-oil margarine?
At-risk Amount
The maximum amount of money an investor in certain activities can claim as a deduction or loss, limited to the actual cash, property, or borrowed amounts for which they are personally at risk.
Income Items
Various types of earnings, from employment, investments, or other sources, that must be reported on a tax return.
Investor
An individual or institution that allocates capital to investments with the expectation of receiving financial returns.
Materially Participate
Regular, continuous, and substantial involvement in business operations, determining if a tax loss is passive or nonpassive.
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