ST Alpha - "I dont believe that the irs considers lottery winnings as part of passive income," (Reading a Post)

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I dont believe that the irs considers lottery winnings as part of passive income,

Posted by tRu Pad (aka Truman) Mar 30 '12, 09:32

As passive income is from, basically business ventures that you do not actively participate in. Rental homes, limited patnerships, etc.

That is a specifically defind type of income, with its own specific limitations, etc.

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- Im pretty sure i have an irs definition of passive income. But its a moot point. -- nm - tRu Pad Mar 30, 09:38

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I dont believe that the irs considers lottery winnings as part of passive income,

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