Examlex
CPM stands for ________.
At-Risk Amount
The maximum amount of money or other assets that a taxpayer can claim as a deduction or loss from an activity, to the extent of the actual economic risk.
Material Participation Activities
Activities in which taxpayers are involved on a regular, continuous, and substantial basis in business operations.
Significant Participation Activities
Activities involving substantial time participation, typically more than 100 hours annually, that can impact taxation, especially in passive income situations.
Adjusted Gross Income
An individual's total gross income minus specific deductions, used to determine taxable income and eligibility for certain tax benefits.
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