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594:-Dividend and interest income in the form of cash flow or capital gains from owning securities and commodities, such as stocks, currencies, gold, silver, ETFs, and bonds, is usually referred to as portfolio income, which may or may not be considered a form of passive income. In the United States, portfolio income is considered a different type of income than passive income;
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The article only mentions "rent" without specifying it's income from sources not requiring salaried or hourly work. But, "rent" is not collectable or receivable without a ownership. Shouldn't the correlation between ownership and passive income be discussed? E.g., someone who owns and works at a
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There needs to be some distinction between residual income and other passive income. While investment "doesn't require work" (it's money making money) most royalty kinds of work does. The schedule of work is just different. The ultimate sales of a book represents compensation for the work that went
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The U.S. IRS has a specific definition of passive income that excludes some of the incomes listed above. Royalties for example, are, according to the
Service guide, generally non-passive in nature. Additionally, interest, dividends, annuities, and gains from stocks and bonds, lottery winnings,
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Agreed, there is definitely a difference between "residual income" as a financial performance metric and as it is commonly used to describe a passivle investment. A disambiguaton page is certainly warranted.
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redirects to this page. That term is also a financial performance metric, which compares income to expected return on investment capital. Perhaps that term should have a disambiguation page?
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In your example, you stated that we could generate passive income from "Interest Income paid from bank deposits. Rental income from real estate/property. Royalties from writing a book."
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Accordingly, I've removed 'publishing a book' from the examples section, pending clarification and further research by someone who's more knowledgeable than me in this field.
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business has both active and passive income. The active income is the owner's managament salary. The passive income is the profit of the business which the owner receives.
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If "residuals" (which actually do not match the subsidiary description there) are actually called "passive income", needs a source and another section, as it doesn't
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Wow, I think that's really pushing the edge e.g. if someone's job is to watch over a fully automated process ("push this button if that red light ever comes on" ala
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Specifically, the material after the "contents" box should be removed. "Passive income" is a legal and tax concept, not a social category or get-rich scheme!
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297:) but the process is so good they never do anything, is their salary "passive income"? For the purpose of this article? No. But maybe you could ask the
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Removed more advertisements from this page. Links to blogs full of ads promoting networking marketing schemes are not appropriate on
Knowledge.
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e.g. commissions payable on Life or Motor
Assurance policies to the salesman for the duration that the client pays premiums on these policies?
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salaries, wages, commissions, retirement income, guaranteed payments for services are considered by the IRS to be non-passive.
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Now, there are HYIPs, Auto Surf programs, Online Mutual Fund, Online
Investment and all these programs are running online.
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maybe we should edit out the examples of non passive income and have a more detailed examples of passive income ?
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305:) or your local tax authority (are you in India?). Whatever you find out could make an interesting section on
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So does this mean the Mutual Funds can be considered as passive income??
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There is no mention that passive income comes from ownership of something
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Aren't passive income, according to this admittedly unreliable source:
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Could we consider these programs as passive income generator?
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http://taxesforwriters.com/are-royalties-passive-income/
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Note: HYIP stands for High Yield
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315:Ewlyahoocom
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267:Thank you.
30:Start-class
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