Passive Activity Losses and Credits Limited-IRC Section 469 (26 U.S.C.A. § 469)

摘要

(1) In general.- If for any taxable year the taxpayer is described in paragraph (2), neither-(A) the passive activity loss, nor (B) the passive activity credit, for the taxable year shall be allowed. (2) Persons described.- The following are described in this paragraph: (A) any individual, estate, or trust, (B) any closely held C corporation, and (C) any personal service corporation. (b) Disallowed loss or credit carried to next year.- Except as otherwise provided in this section, any loss or credit from an activity which is disallowed under subsection (a) shall be treated as a deduction or credit allocable to such activity in the next taxable year.