The proposal includes review of additional categories of transactions, such
as nonpassive investments in critical technologies or infrastructure companies.
Not exact matches
Hobby income can be either be classified
as passive or
nonpassive income depending on whether you actively get involved in the activity or not and for how long.
Well,
nonpassive income is revenue that can not be classified
as passive income and includes active income or earnings that you get for work done on a regular, substantial and continuous basis such
as daily wages, monthly salary or the any other payment that you receive after you've performed tasks.
Some analysts consider income that is obtained
as royalties
as passive income while others say it is
nonpassive income.
Think of
nonpassive income
as active income.
There are several examples of passive income that we can evaluate if they fall under passive or
nonpassive income such
as property income, royalty income and portfolio income.