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What does PAL stand for?

PAL stands for Passive Activity Loss

This definition appears frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of PAL

Other Resources:
We have 574 other meanings of PAL in our Acronym Attic

Samples in periodicals archive:

469(a) States that any individual, estate, trust, closely held corporation and personal service corporation will have all passive activity loss and passive activity tax credits disallowed for any taxable year.
On his 1994 federal return, he treated the two rentals as separate passive activities and offset the passive activity loss from the health club against the rental income from the law firm; he reported total taxable rental income of $106,049.
Federal Income Taxation of Passive Activities, by Laura Howell-Smith and Amy Sutton (WG&L, 2008), is an online reference that gives quick answers to questions on how to minimize the tax consequences of the passive activity loss rules.
He filed his 1994 and 1995 returns and reported his combined rental losses on line 42 of schedule E, where real estate professionals report the net income or loss from all rental activities in which they materially participated under the passive activity loss rules.