United States IRC sections
Statute section
IRC section 469
Passive activity losses and credits limited
Country
United States
Section
469
Updated
2026-05-20
Operative text
Section 469 generally limits a non-corporate taxpayer's deduction of passive activity losses and credits to the amount of passive activity income. Disallowed losses carry forward indefinitely and are released on the taxpayer's complete disposition of the activity to an unrelated party.
Cross-references
26 U.S.C. 141126 U.S.C. 469
Related guides
Related citations
Computed from the cross-reference graph. Links open the related entity on this site.
Cited by
- TermPassive Activity Loss (PAL)
- StatuteIRC §1411
Primary sources
- 26 U.S.C. section 469Verified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.