Negative Income Law and Legal Definition
Negative Income is the invested income that has produced a loss and hence may yield a tax deduction. The following examples are couple of examples for loss 1)The value placed on injury or damages due to an accident caused by another's negligence, breach of contract, or other wrongdoing. The amount of monetary damages can be determined in a lawsuit. 2) When expenses are greater than profits, the difference between the amount of money spent and the income.