http://totallypassive.com/792/what-is-the-difference-between-passive-and-nonpassive-income-and-loss/ Passive income ideas for multiple streams of passive income Mon, 07 Dec 2009 15:00:27 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://totallypassive.com/792/what-is-the-difference-between-passive-and-nonpassive-income-and-loss/comment-page-1/#comment-74 bonzo_do Tue, 10 Nov 2009 12:30:17 +0000 http://totallypassive.com/792/what-is-the-difference-between-passive-and-nonpassive-income-and-loss/#comment-74 Active income is income from any of the following: -- wages, salary, commissions, bonuses, or other payments for services rendered -- profit from a trade or business in which the you are a material participant -- gain on the sale or other disposition of assets used in an active trade or business -- income from intangible property, if your personal efforts significantly contributed to the creation of the property. Passive income is income from any of the following: -- Any trade or business or income-producing activity in which you did not materially participate, -- Subject to certain exceptions, all rental activities, whether you materially participate or not. In general, if you receive income (or losses) from a business but aren't an active participant in the business, it's passive income. Active income is income from any of the following:
– wages, salary, commissions, bonuses, or other payments for services rendered
– profit from a trade or business in which the you are a material participant
– gain on the sale or other disposition of assets used in an active trade or business
– income from intangible property, if your personal efforts significantly contributed to the creation of the property.
Passive income is income from any of the following:
– Any trade or business or income-producing activity in which you did not materially participate,
– Subject to certain exceptions, all rental activities, whether you materially participate or not.
In general, if you receive income (or losses) from a business but aren’t an active participant in the business, it’s passive income.

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