What is Passive Income?

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2022-04-21 09:22:00 - Translate -

Regular income from a source other than an employer or contractor is treated as passive income. According to the Internal Revenue Service (IRS), passive income can come from one of two sources: rental property or a business that is not actively involved, such as book royalties or stock dividends. “Many people think of passive income as something to get for free,” says Todd Tresider,...

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