9 Unique Types of Passive Income (Unearned Income)
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Many people dream about living off passive income. The concept of working hard and creating a perpetual stream of income is appealing.
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Unearned income is income from sources, not from employment or a job. The IRS views unearned income as income from sources other than personal effort.
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Investment income is the profit generated from the sale of real estate or stocks. An investor selling an asset for profit will generate capital gains from the sale.
Investment Income
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Mutual funds pay capital gains distributions to shareholders. This money comes from selling stocks, bonds, or other assets owned by the mutual fund.
Long-Term Capital Gain Distribution
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Dividend income results from money paid to stockholders from the dividends paid by companies.
Dividend Income
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Retirement income is derived from pensions, annuities, and distributions from 401(k) plans and Individual Retirement Accounts (IRAs).
Retirement Income
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Unemployment benefits are paid to individuals who lose their jobs through no fault of their own.
Unemployment Benefits
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