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passive income generator

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Passive Income Generator (PIG)
An investment that favors passive income, such as an income-oriented real estate limited partnership.
Passive Income Generator
Any investment that produces income from a venture in which an individual does not directly participate. The most common types of passive income are rents and income from a limited partnership. Thus, if an investor buys an apartment complex or a piece of an oil and gas limited partnership, this is considered a PIG. Passive income is taxable, but it is often treated differently than active income.
passive income generator (PIG)

The name given to an investment offered to taxpayers who have excess passive activity losses and need some passive activity income to offset the losses. (Be careful of any investment touted as a PIG—if the only reason for an investment is the tax benefits it might produce,then the investment should be made with great caution.)
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For a step by step how to turn a PLR ebook into an Adsense site, read the free guide How To Use PLR Ebooks To Create Passive Income Generators.
Are You Using the 3 Best Strategies to Make Money from PLRs? Test ... by Renske Buursma / Business community
The concept of adding a Passive Income Generator to your business should be a top priority if you want to earn long term income.
Earn More Money in Your Online Business by Creating a PIG by chitra rana / Advertising, marketing, public relations community
Presumably the purpose of this recharacterization rule was to prevent business owners from being able to create a passive income generator to offset passive losses, by renting property to a controlled entity when arguably the lessor and the lessee are somewhat indifferent to the cost of the lease.
Final regulations deem net income from rental to close corporation ... by Ochsenschlager, Thomas P. / The Tax Adviser
 
 
 
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