Examlex
According to the law of segregation
Primarily Rental
Refers to property or real estate primarily used for rental purposes, where the primary intent is to generate rental income from tenants.
Personal Use
The use of a property or asset for individual needs or consumption, not for business or professional purposes.
Royalty Income
Income derived from the use of an individual's property, such as patents, copyrighted works, mineral rights, or other assets, that is paid by the user to the proprietor or creator.
Schedule C
A form used by sole proprietors to report profits or losses from a business to the IRS.
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