ZigaForm version 4.9.8
Select Page

Passive income refers regular earnings from a source other than a paycheck. It is one of three types of income, which include earned income, portfolio income and passive income. The Internal Revenue Service (IRS) says passive income can come from two sources: rental property or a business in which one does not actively participate, such as being paid by rent, book royalties or stock dividends. Passive income is taxed less than ordinary eared income and portfolio income.