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Q: WHAT IS MAINZ INCOME STREAM?
A: MAINZ INCOME STREAM? is an income received on a regular basis, with little effort required to maintain it. The American Internal Revenue Service categorizes income into three broad types, active (earned) income, passive income, [ and portfolio income. It defines passive income as only coming from two sources: rental activity or "trade or business activities in which you do not materially
participate."[1][2] Other financial and government institutions also recognize it as an income obtained as a result of capital growth or in relation to negative gearing. Passive income is usually taxable. ]
Expert answered|jher000|Points 7585|
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Asked 8/23/2012 1:33:05 PM
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