What is unearned income?
Unearned income is income that doesn't involve active work or a business activity, such as:
- Taxable scholarships
- Interest, dividend, or investment income
- Retirement or Social Security income
- Alimony or child support
- Unemployment or worker's comp
- Gifts, prizes, awards, or winnings
- Inheritances
- Income received while incarcerated, even if it involves active work
The taxable scholarship might apply to your situation.
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