Letter M
tax
Material Participation
Active and regular involvement in a trade or business activity on a substantial basis, measured by seven tests in the Section 469 regulations, that allows losses to escape passive limitations.
Related terms
More legal terms starting with M
Looking for citation help? How to cite law · Citation methodology
See also: Full glossary index
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.