How is my passive income/loss determined?
Generally, your passive income/loss for the year is determined by combining the passive income and passive losses of the passive activity. If your overall passive activity results in a loss, the loss may be limited.
Portfolio Income (interest, dividends, annuities, and royalties from property held for investment) isn't included when determining passive income or loss.
Portfolio Income (interest, dividends, annuities, and royalties from property held for investment) isn't included when determining passive income or loss.
