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  • noun

Synonyms for activity

Synonyms for activity

energetic physical action

Synonyms for activity

any specific behavior

(chemistry) the capacity of a substance to take part in a chemical reaction

a process existing in or produced by nature (rather than by the intent of human beings)

References in periodicals archive ?
469-2T(c)(1) provides: "Except as otherwise provided in the regulations under section 469, passive activity gross income for a taxable year includes an item of gross income if and only if such income is from a passive activity.
Rental Deductions $100,000 Less: Passive activity gross income (50,000) Net active income (30,000) Suspended passive activity loss $ 20,000
Thus A's applicable percentage is 60% ($3,000/$5,000), and $3,000 (60% x $5,000) of A's income from interest charged to AB is treated as passive activity gross income from the rental activity.
Under those rules, the gross income of an individual from intangible property, "such as a patent, copyright, or literary, musical, or artistic composition, if the taxpayer's personal efforts significantly contributed to the creation of such property" is excluded from the definition of passive activity gross income.
Accordingly, the debt forgiveness income is characterized as passive activity gross income that can be offset only by passive activity deductions.