In an income tax sense,' Active income' means wages, tips and profits from your business that you materially participate in, and portfolio income, such as interest and dividends. Generally, you cannot offset active income with passive losses. See also passive icome.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). active income. Retrieved September 20, 2026, from http://smartdefine.org/active_income/definitions/1147143 |
| Chicago | Barry Goldsmith. 2010. "active income" http://smartdefine.org/active_income/definitions/1147143 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, active income, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/active_income/definitions/1147143>. |
| MLA | Barry Goldsmith. "active income" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/active_income/definitions/1147143> |