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Passive income

• Income derived from the property of the corporation such as royalties, rent, interest, or dividends.

• Earnings derived from a rental property, limited partnership, or other enterprise in which the individual is not actively involved. Passive income therefore does not include earnings from wages or active business participation, nor does it include income from dividends, interest, and capital gains. See also: Passive Loss; Unearned Income.

 
 

Follow this link for all the terms related to income.

 
 Embedded terms in definition
 Active
Capital gain
Capital
Corporation
Dividends
Earned income
Earnings
Income
Interest
Limited partnership
Limited partner
Participation
Partnership
Passive loss
Royalties
Unearned income
 
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