Passive Income

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Passive Income

Description and Definition of Passive Income

Income from a passive activity. You can offset a passive loss against your passive income. You cannot offset a passive loss against ordinary income.

Resources

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Further Reading

Related Entries in the American Tax Encyclopedia:

  1. Foreign Personal Holding Company
  2. Foreign Income
  3. Personal Interest Expense
  4. Taxable Income
  5. Personal Service Activity
  6. Undistributed Personal Holding Company Income
  7. Personal Holding Company
  8. Investment Indebtedness
  9. Net Income
  10. Personal Service Corporation
  11. Material Participation
  12. Foreign Tax Credit
  13. Passive Investment Income
  14. Passive Income Generator
  15. Passive Investment Income Penalty Tax
  16. Non-passive Income
  17. Passive Activity
  18. Passive Loss
  19. Passive Activity Credit
  20. Passive Activity Loss
  21. Passive Foreign Investment Company
  22. Foreign Personal Holding Company Income Income
  23. Personal Holding Company Income
  24. Prepaid Income
  25. Portfolio Income

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