Username: LuckyWoman Rating: Asked to: Chaoxiang Lee Date Created: 22 Nov 2016 |
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Category | 28 |
Tag | Financial |
Question | What is 'Passive Income'? |
Hi LuckyWoman, Earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved. As with non-passive income, passive income is usually taxable; however it is often treated differently by the Internal Revenue Service (IRS). Portfolio income is considered passive income by some analysts, in which case dividends and interest would be considered passive. |
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