Generally, which of the following does not correctly categorize the type of income?
A) salary − active income/loss
B) rental real estate − passive income/loss
C) capital losses − passive income/loss
D) dividends − portfolio income/loss
E) All of the choices are correct.

Question

Quizplus · Accepted Answer

Capital losses are not a type of income, but rather a deduction from other types of income, such as capital gains.

Generally, Which of the Following Does Not Correctly Categorize the Type