Active Income
Barron's Business Dictionary:
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Active Income
In taxation, a category of income that includes salaries, wages, and commissions. portfolio income (interest and dividends) and passive income (rental real estate and businesses in which the taxpayer does not materially participate) are excluded. Passive losses generally may not be offset against either active or portfolio income.
| Active Desktop, Active Corps of Executives (ACE), Act of God | |
| Active Market, Active Window, Activist Policy |
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Active Income
Investopedia Financial Dictionary:
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Active Income
Income for which services have been performed. This includes wages, tips, salaries, commissions and income from businesses in which there is material participation.
Investopedia Says:
There are three main categories of income: active income, passive income and portfolio income. These categories of income are important because losses in passive income generally cannot be offset against active or portfolio income.
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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