For Passive Activity we have a term and definition in Accounting.

Passive Activity (Accounting)

is defined in the US Tax Code as one or more tradesbusiness or rental activitythat the taxpayer does not materially participate in managing or running. All income and losses from passive activities are grouped together on an income tax return andgenerallyloss deductions are limited or suspended until the passive activity that generated them is disposed of in its entirety.

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