one of three dimensions of the supply chain network design; the number of tiers in the supply chain, representing the total number of levels through which goods and services must pass from the earliest to end stages of the chain
A passive activity loss for the tax year is the excess of your passive activity deductions over your passive activity gross income. What are the passive activity limitations? Your passive activity losses are limited to the amount of your passive activity income for the taxable year.
The short answer is that it depends on a few factors. However, itâs likely that the suspended passive activity losses can be claimed as there will be a complete liquidation of the taxpayerâs entire interest in that single rental activity. Are passive activity losses âfreedâ upon liquidation? Itâs technically possible for passive activity losses to be âfreedâ upon liquidation if each property is treated as a separate activity per IRC Section 469(c)(7)(A)(ii). However, the definition of entire interest depends on the specific facts and circumstances of the case.