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Passive income broadly refers to money you don t earn from actively engaging in a trade or business.
Passive income tax strategies. 10 passive income strategies to try in 2019 before i dive into my favorite ways to earn money without a lot of work i want people to know the two reasons i love this topic so much. By its broadest definition passive income would include nearly all investment income. Also learn about the financial impact of short term versus long term investments and how they are taxed differently. One popular strategy for passive income is establishing an information product such as an e book or an audio or video course then kicking back while cash rolls in from the sale of your product.
As with active income passive income is usually taxable.
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