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Suspended Basis loss

Polish translation: wartość strat kapitałowych niezrealizowanych w poprzednim roku

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Suspended Basis loss
Polish translation:wartość strat kapitałowych niezrealizowanych w poprzednim roku
Entered by: Frank Szmulowicz, Ph. D.

23:25 Jan 20, 2017
English to Polish translations [PRO]
Bus/Financial - Accounting
English term or phrase: Suspended Basis loss
K-1 Reconciliation Worksheet - Form 4684, Sch Se, Misc, Credits

Column Heading:

PY (Previous year?) Suspended
Basis loss
Darius Saczuk
United States
Local time: 02:53
wartość strat kapitałowych niezrealizowanych w poprzednim roku
Explanation:
A functional definition that concentrates on the meaning of "suspended" as "not realized."
ccccc
DEFINITION of 'Suspended Loss'
A capital loss that cannot be realized in a given tax year due to passive activity limitations. These losses are therefore "suspended" until they can be netted against passive income in a future tax year. Suspended losses are incurred as a result of passive activities, and can only be carried forward.

BREAKING DOWN 'Suspended Loss'
Suspended losses that are incurred as a result of the disposition of a passive interest are subject to an annual capital loss limit. Suspended losses can, however, be used to offset income realized in a later year that is generated from material participation in the activity that initially produced the loss. For example, if a taxpayer incurs a $5,000 suspended loss in one year from a passive activity and then materially participates in the activity the following year and earns $10,000, then the suspended loss may be applied against $5,000 of the earned income, leaving the taxpayer with $5,000 of declarable income for the year.


http://www.investopedia.com/terms/s/suspended-loss.asp#ixzz4...
Selected response from:

Frank Szmulowicz, Ph. D.
United States
Local time: 02:53
Grading comment
Thank you, Frank.
4 KudoZ points were awarded for this answer



Summary of answers provided
3wartość strat kapitałowych niezrealizowanych w poprzednim roku
Frank Szmulowicz, Ph. D.


Discussion entries: 1





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
suspended basis loss
wartość strat kapitałowych niezrealizowanych w poprzednim roku


Explanation:
A functional definition that concentrates on the meaning of "suspended" as "not realized."
ccccc
DEFINITION of 'Suspended Loss'
A capital loss that cannot be realized in a given tax year due to passive activity limitations. These losses are therefore "suspended" until they can be netted against passive income in a future tax year. Suspended losses are incurred as a result of passive activities, and can only be carried forward.

BREAKING DOWN 'Suspended Loss'
Suspended losses that are incurred as a result of the disposition of a passive interest are subject to an annual capital loss limit. Suspended losses can, however, be used to offset income realized in a later year that is generated from material participation in the activity that initially produced the loss. For example, if a taxpayer incurs a $5,000 suspended loss in one year from a passive activity and then materially participates in the activity the following year and earns $10,000, then the suspended loss may be applied against $5,000 of the earned income, leaving the taxpayer with $5,000 of declarable income for the year.


http://www.investopedia.com/terms/s/suspended-loss.asp#ixzz4...


Frank Szmulowicz, Ph. D.
United States
Local time: 02:53
Works in field
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 157
Grading comment
Thank you, Frank.
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