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1 year ago
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Unearned Income
If you earn money from other ways than working or business activities, it is called unearned or passive income. There are different examples of unearned income such as inheritances, alimony, gifts, lottery winnings, etc. The taxation is different for this type of money compared to earned income through working or business activities. Unearned income is usually the only source of earning money in postretirement years.
