Tax Question: Rental Income (Active or Passive).
For tax purposes what differentiates active and passive rental income? What determines if rental income is considered active or passive?
Please use the stickied tax thread.
Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.
Last edited by allisolm; 01-07-2013 at 06:05 PM.