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In a study on the effectiveness of therapy in treating depression, participants in the cognitive-behavioural therapy group scored significantly lower than patients in the behavioural therapy group. This difference is referred to as:
Passive Income/Loss
Earnings from rental property, limited partnerships, or other enterprises in which the individual is not actively involved.
Passive Activity Loss Rules
Regulations that limit the amount of losses taxpayers can deduct from passive activities, such as rental properties, against other income.
At-Risk Rules
Tax regulations limiting the amount of deductible losses from certain types of investments to the amount actually at risk.
Passive Activity
Economic activities in which the taxpayer does not materially participate, like rental property, often with distinct tax rules.
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