Glossary entry

English term or phrase:

entire disposition of activity

Polish translation:

zbycie całkowitego udziału w działalności (ang. entire disposition of activity)

Added to glossary by Frank Szmulowicz, Ph. D.
Jan 20, 2017 23:00
7 yrs ago
English term

entire disposition of activity

English to Polish Bus/Financial Accounting
K-1 Reconciliation Worksheet - Form 4684, Sch Se, Misc, Credits

Activity Passive Activity Type: NOT PASSIVE Entire disposition of activity
Change log

Jan 20, 2017 23:00: changed "Kudoz queue" from "In queue" to "Public"

Jan 21, 2017 22:01: Frank Szmulowicz, Ph. D. Created KOG entry

Proposed translations

4 hrs
Selected

zbycie całkowitego udziału w działalności (ang. entire disposition of activity)

Disposition refers to the disposal of interest in an activity.
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Disposition of entire passive activity (469(g))
Suspended losses are released when the activity is
disposed
(unless sold to a related party.)
http://tcoscpa.org/presentations/071714 Passive Activities p...
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Dispositions
Any passive activity losses (but not credits) that have not been allowed (including current year losses) generally are allowed in full in the tax year you dispose of your entire interest in the passive (or former passive) activity. However, for the losses to be allowed, you must dispose of your entire interest in the activity in a transaction in which all realized gain or loss is recognized. Also, the person acquiring the interest from you must not be related to you.
https://www.irs.gov/publications/p925/ar02.html#en_US_2015_p...
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4 KudoZ points awarded for this answer. Comment: "Thank you, Frank."
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