Work-Free Wealth

Income Investing for Financial Independence and Early Retirement

Tag: Passive Income

Generating Passive and not so Passive Income

The IRS defines passive income as net rental income or income from a business in which the taxpayer does not materially participate.  Dividends and gains from stock sales are not considered passive per this strict definition.    I would prefer to define income as passive along the lines of work and time commitment needed similar to […]