What PASSIVE INCOME means: Passive income is income from business activities in which the taxpayer does not materially participate, and most rental activities. See also Material Participation and Portfolio Income.
- Definition Personal Property Tax:
- Dictionary An annual tax imposed on certain personal property, such as cars or boats, and based on the value of the property passive income definition.
- Definition Personal Expenses:
- Dictionary individual other than those for business or investment purposes. Personal expenses are not deductible unless specifically allowed under the tax law. Two examples of deductible personal expenses are passive income explain.
- Definition Public Retirement System:
- Dictionary A retirement system established by the United States, a state, territory, or possession of the United States, or their political subdivisions passive income what is.
- Definition Principal Place Of Business:
- Dictionary where work is performed or business is transacted. Taxpayers who engage in more than one business can have more than one principal place of business. For purposes of the home-office deduction, a passive income meaning.
How works Passive Income meaning in Tax definitions P .
