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

Question

Quizplus · Accepted Answer

Capital losses are not a type of income, but rather a type of loss that can be used to offset capital gains for tax purposes. Therefore, it is not appropriate to categorize them as either active, passive, or portfolio income/loss.

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