Examlex
A polluter will ________ its emissions and sell its excess permits on the market if the market price is ________ or equal to its MAC at its chosen emission level.
Form 6198
An IRS form used by taxpayers to determine the amount of loss from an at-risk activity that is deductible.
IRC
The Internal Revenue Code, which is the comprehensive set of tax laws in the United States governing federal tax obligations.
Active Income/Loss
Income or losses generated from direct business activities or employment, as opposed to passive income from investments.
Passive Income/Loss
Earnings from rental property, limited partnerships, or other enterprises in which the individual is not actively involved.
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