Passive Income Tip:
According to Uncle Sam, you need to be "materially involved" in an enterprise to earn active income. With passive income, it's just the opposite, as the IRS deems you to be earning passive income if you're not materially involved with a profit-making enterprise. By and large, expect income to be taxable if you are engaged in a passive income enterprise. You will need to report earnings to the IRS. (thestreet.com)
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Here are the best passive income investments for beginners. Mentioned article: https://www.financialsamurai.com/ranking-the-best-passive-income-investments/
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