Passive income is earnings from dividends, interest, royalties, rents, annuities, etc., in which the taxpayer is not actively involved. This income is usually reported on a 1099 Form.
For more information, refer to Form 1116 Instructions.
Passive income is earnings from dividends, interest, royalties, rents, annuities, etc., in which the taxpayer is not actively involved. This income is usually reported on a 1099 Form.
For more information, refer to Form 1116 Instructions.