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Why does rental income get taxed if it is considered passive income?
Passive income has only two sources: net rental income and income from a business in which the taxpayer does not materially participate. - https://www.irs.gov/pub/irs-mssp/pal.pdf
I searched on google that apparently rental income tax is about 20%, which confusing me because I thought passive income couldn't be taxed.
‎September 1, 2019
11:01 PM