negative income

noun

1. invested income that has produced a loss and hence may yield a tax deduction.

Example Sentences

Soon-Shiong reported negative income for six straight years from 2013 through 2018.

From ProPublica

The IRS publishes all sorts of reports analyzing the traits of taxpayers at different income levels, but its analysis typically starts with people who report $0 or more in income, thus excluding anyone who reported negative income.

From ProPublica

A number of the billionaires who received stimulus checks were able to report negative incomes to the IRS despite getting richer.

From ProPublica