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former passive activity

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 469 — for purposes of this section (12 versions over time)

The term “former passive activity” means any activity which, with respect to the taxpayer—

(A) is not a passive activity for the taxable year, but

(B) was a passive activity for any prior taxable year.