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Sagot :
True, if an annuity or royalty is not derived in the ordinary course of a trade or business, it is considered passive income.
Passive Income
An investment or past activity that continues to provide revenue without further work is said to have generated passive income.
Income that requires no work to sustain is called passive income. It could come through a stock market investment, a rental property, or a company in which you have no ownership stake.
There is no guarantee that having a passive income will make you extremely wealthy. Therefore, it is unwise to plan on being wealthy right away. However, if a person has reliable, lucrative passive income choices, they can build up their income over time.
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