Ep. 177 - How Much Taxes Do You Pay on Passive Income? (Ask the CFP®)

We all love the idea of making money while we sleep.   Regardless of how or when you make money - the IRS is going to want their cut.   I am answering a reader question today.   The question is 'How is passive income taxed.'   Let's dive in and talk about passive income.   02:01 What is passive income 04:59 True passive income sources 05:53 Semi-passive income sources 06:33 Material participation and/or activity   Resources 28 Passive Income Ideas To Build Real Wealth Best Passive Income Apps   Check out my YouTube channel here. Follow me on Twitter and Instagram.