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To: prairiebreeze

Think passive income are things like rent from property and pensions. What else, Chair?
Pensions as in 401ks and Profit Sharing???


282 posted on 03/26/2010 9:48:29 AM PDT by LBKQ
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To: LBKQ
Think passive income are things like rent from property and pensions

See #285.

Actually rent may be active or passive. It depends on how the property is set up and your role in managing it.

Generally, it is active income if you manage and passive if someone else does. (Again, the whose sweat test.)

286 posted on 03/26/2010 11:06:54 AM PDT by Chairman_December_19th_Society (1/20/2013 - End of an Error!)
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