Definition:
Passive income includes Interest, Dividends, Rents, Royalties, Gains from sale and exchange, Income inclusions relating to passive foreign investment companies PFIC), which are qualifying electing funds QEFs). See Pages 5-9
Passive income includes Interest, Dividends, Rents, Royalties, Gains from sale and exchange, Income inclusions relating to passive foreign investment companies PFIC), which are qualifying electing funds QEFs). See Pages 5-9