answersLogoWhite

0


Best Answer

Passive income comes from activities that are not tied to the number of hours you invest. Two major ways have consistently worked in the past. You can invest capital into investments that produce current income. Buying bonds, purchasing income producing real estate. The other alternative is to build a business. The key is to grow the business so that you have other people who are working in the business and producing sales. They could be employees, they could be independent contractors. You make money based on what they produce. All companies that sell goods and services function this way. To reach $200,000 a year and have that income consistently come in year in, year out will take time to establish unless you already have a lot of money. Almost all the programs that people promote to get rich quickly fail for the vast majority who try. A few will do well as they are just taking money from naive consumers who do not realize that large passive incomes take time and effort.

User Avatar

Wiki User

โˆ™ 2008-05-19 17:28:54
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: How can you obtain 200000.00 per year in passive income?
Write your answer...
Submit
Related questions

How much do you make for the state?

i make 20000000 a year


Pizza Hut Financial Statements?

20000000 a year


If you make 20000000 a year how much is that an hour?

1 year = 8765.81 2281.5917753179683337877503619175


What year did Donavon McNabb beat Micheal Vick to go to the super bowl?

20000000


How does one obtain a small business valuation?

One can obtain a small business valuation by calculating the amount of income the business received in a given year. Once this is known, one can have an estimate of what their business is worth.


Is there a limitation on the loss carryforward of passive losses?

AnswerLosses from passive activities-activities in which the taxpayer doesn't materially participate, and most rental activities-may only be used to offset passive activity income (which doesn't include portfolio income); thus they can't be used to offset income from, for example, compensation, interest or dividends. Any losses that are unused in a tax year because of this rule are carried forward to the following year(s) until used, or until taxpayer disposes of the interest in the activity (or substantially all of the activity) in a taxable transaction. Passive activity credits may be used only to offset tax on income from passive activities, with a carryover of any unused credits. However, individuals who actively participate in rental real estate activities may use up to $25,000 of losses from those activities to offset nonpassive income; and those activities are not automatically passive for real estate professionals. However, the 25K losses start to phase out for a married filing jointly taxpayers with AGI of $100k and are gone completely at $150K AGI...


Approxiamately how many people were killed last year in the United States and Texas in traffic crashes?

20000000


How much can a person make in a year and still be able to contribute to an IRA?

You can obtain easy-to-read income limits at the link provided below.


Can rental income losses be considered a passive loss when selling the property?

Unless you have qualified and elected to be treated as a real estate professional for income tax purposes, rental losses are, by definition, passive activity losses. These losses are subject to various limitations, so some or all may be suspended in any given tax year. At the time of complete disposition of the rental property, the taxpayer may take any suspended losses against his ordinary income for that year. See IRS Publication 925, Passive Activity and At-Risk Rules, and Publication 527, Residential Rental Property, for further information.


What is meaning of annual income?

'Annual income' is the total amount of money you earn in one year.


Provision for Income Taxes do you need it to calculate times interest earned?

All interest income for the year is added to all of your other gross worldwide income for the year and reported on your 1040 income tax return for the year.


What is the income of a Hairdresser?

what is the income for a hairdresser every year


What is the average income of Kenya?

The average income of Kenya is 1,020.00 per year. The average income per year in the United States is 35,750.00.


What is the medium income in Australia?

The median income in Australia is around 35,000 dollars a year. This is similar to what the median income in the US is, at 49,000 dollars a year.


If half of the year you were employed and now you are receiving ssi income how will you file for income tax?

Normally. It makes no difference how or when during the year the income was made.


What is the income for a first year interior designer?

Interior Designers first year income will be between 75,000 to 100,000 dollars that year.


Which city has the highest per capital income in this world in the year 2007?

125,000,000 IN A YEAR MAKATI INCOME


How to Calculation income from other source?

Using your good records and receipts that you have kept on hand for all of your other sources of income that you have received or will be receiving during your tax year.Go to the IRS.gov web site and use the search box for Gross income from passive sources


A person's 3 month income equal to 4 months expense he saved 450 in a year so how much he earn per month or a year?

4 months' expenses = 3 months' income. So, in a year, 12 months' expenses are covered by 9 months' income. This means he saves three months' income in a year. 3 months' income = 450 so monthly income = 150 or annual income = 1800.


Avarage income in California?

The average income in the state of California is close to $32,000 per year. The average household income is close to $65,000 per year.


What information must one have to obtain a real estate loan?

"Here are the basic requirements to obtain a real estate loan: two year of employment (same employer preferably), income in last two years same or increased, minimal credit score of 620, no bankrupts within two years, three years for foreclosures, and mortgage payment is about 30% of your income before taxes."


What is the difference between financial year and assessment year?

financial year, is the given year where u have earned your income..This is a period used for calculating annual income on which you can calculate tax to be paid. Assessment year is the year in which the income earned is assessed. This is done for filing returns. In other words previous year is the year in which income is earned and following year is assessment year where u file your returns., based on the income what you have earned previous year. earned. Eg. AY 2007-08 and prev year is 2006-07.


What is Will Smith's income?

will's income is about 117 million in a year. well that's just this year anyway. 2008


Income Tax slab for assessment year 09-10?

income limit for assessment year 2009-10


Is money from 401k considered income for the year?

Withdrawals from 401k accounts are added to your general income for that tax year.