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Ep. 177 - How Much Taxes Do You Pay on Passive Income? (Ask the CFP®)
Manage episode 332506542 series 3019348
We all love the idea of making money while we sleep.
Regardless of how or when you make money - the IRS is going to want their cut.
I am answering a reader question today.
The question is ‘How is passive income taxed.’
Let’s dive in and talk about passive income.
02:01 What is passive income
04:59 True passive income sources
05:53 Semi-passive income sources
06:33 Material participation and/or activity
Resources
28 Passive Income Ideas To Build Real Wealth
Check out my YouTube channel here.
318 episod
Manage episode 332506542 series 3019348
We all love the idea of making money while we sleep.
Regardless of how or when you make money - the IRS is going to want their cut.
I am answering a reader question today.
The question is ‘How is passive income taxed.’
Let’s dive in and talk about passive income.
02:01 What is passive income
04:59 True passive income sources
05:53 Semi-passive income sources
06:33 Material participation and/or activity
Resources
28 Passive Income Ideas To Build Real Wealth
Check out my YouTube channel here.
318 episod
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