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 Partnership:
- Dictionary in which two or more persons join their money and skills in conducting the business. Partnerships must file a return but are not subject to tax. Each partner reports his or her share of the passive income definition.
- Definition Pensions:
- Dictionary A pension is a definitely determinable series of payments received from an employer-provided plan after the employee retires passive income explain.
- Definition Physical Custody:
- Dictionary The taxpayer with whom a child lives is considered to have physical custody passive income what is.
- Definition Points:
- Dictionary fee (one-time charge paid for the use of money) that a buyer generally may deduct as interest. This amount can generally be deducted in full if paid for the purchase or improvement of a principal passive income meaning.
How works Passive Income meaning in Tax definitions P .