Passive activity
Passive activity
Passive activity is an endeavor which doesn't require or receive an individual's material participation. Owning a property rental, for example, is a passive activity. The characterization of something as a passive activity has important tax consequences; losses resulting from passive activity can't be used to offset gains resulting from active activities.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed | 4.39 |
| 5/1 ARM | 3.69 |
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