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Active Income |
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Active Income Income for which services have been performed. This includes wages, tips, salaries, commissions, and income from businesses in which there is material participation. Notes: There are three main categories of income: active income, passive income, and portfolio income. These categories of income are important because losses in passive income generally cannot be offset against active or portfolio income. Active income Income from an active business as opposed to passive investment income according to the U.S. tax code. |
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? Mentioned in | ? References in periodicals archive | |
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In a number of rulings, (21) rentals from industrial
buildings, apartment complexes and commercial buildings were all deemed
to be active income.
taxation of active income earned abroad until it is paid to the U. In other words,
passive losses cannot shelter active income such as salaries,
commissions, wages or portfolio income such as interest, dividend or
annuity income. |
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Active Income
