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Active income |
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Active income Income from an active business as opposed to passive investment income according to the U.S. tax code. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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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