Under the passive activity rules limit, income is generally classified as active income, portfolio income or passive in

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answerhappygod
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Under the passive activity rules limit, income is generally classified as active income, portfolio income or passive in

Post by answerhappygod »

Under the passive activity rules limit, income is generally
classified as active income, portfolio income or passive
income for income tax purposes The classification of income in
detemining whether certain passive loses are deductible.
Which of the following types of income are generally considered
passive income for tax purposes?
1 interest income
2 capital gains income
3 rental income
4 dividend income
a 1,2 and 3
b 2 and 3
c 3 only
d 1,3 and 4
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