Passive income definition

Passive income means income acquired other than as a result of the labor, monetary, or in-kind contribution of either spouse.

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Passive income means that portion of gross income consisting of:

Passive income means: interest, dividend, income equivalent to interest, rents and royalties, annuities, the excess of gains over losses from the sale or exchange of property, etc.

Examples of Passive income in a sentence

• Passive income derived from property of any type shall have the same character for purposes of this agreement as the property from which it is derived.

• Passive income includes interest income if such interest constitutes passive income for purposes of S corporation taxation.

• Passive income for purposes of the PFIC rules generally includes dividends, interest and other types of investment income.

• Passive income generally includes dividends, interest, rents and royalties (other than rents or royalties derived from the active conduct of a trade or business) and gains from the disposition of passive assets.

• Passive income for this purpose generally includes dividends, interest, royalties, rents, gains from commodities and securities transactions and the excess of gains over losses from the disposition of assets which produce passive income.

More Definitions of Passive income

Passive income means the part of gross income that consists of:

Passive income means the portion of gross income that consists of:

Passive income means any income arising other than from a company' s own business activities and includes interest, rents, royalties and dividends;

Passive income means income derived from rent, dividends, interests and such other income as may be prescribed;

Passive income. , in relation to a company, means an amount equal to so 15

Passive income means income derived from rent, dividends, interest or such other income as may be prescribed;

Passive income. For purposes of this question, note that passive income includes: ● Dividends, interests, royalties, rents and annuities, excluding, however, rents and royalties which are received from an unrelated party in connection with the active conduct of a trade or business. ● Net gains from the sale or exchange of property: ○ which gives rise to dividends, interest, rents or annuities (excluding, however, property used in the conduct of a banking, finance or similar business, or in the conduct of an insurance business); ○ which is an interest in a trust, partnership, or REMIC; or ○ which does not give rise to income. ● Net gains from transactions in commodities. ● Net foreign currency gains. ● Any income equivalent to interest. Look-through rule: If the Company owns, directly or indirectly, Twenty-five Percent (25%) of the shares by value of another corporation, the Company must take into account its proportionate share of the income received by such other corporation.