Legal Question in Business Law in Michigan

passive imcome

what is passive income


Asked on 5/04/09, 8:08 pm

1 Answer from Attorneys
Lesley Hoenig Lesley A. Hoenig, Attorney at Law

Re: passive imcome

Income from something other than working, like rent that you receive from a rental property. This isn't the most precise answer as I'm not a tax attorney, but you may find a better answer on the irs's website: www.irs.gov.

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Answered on 5/05/09, 6:31 pm


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