Investment Income Can Include Gross Income from Interest, Dividends, Annuities

question 59

True/False

Investment income can include gross income from interest, dividends, annuities, and royalties not derived in the ordinary course of a trade or business; income from a passive activity; and income from a real estate activity in which the taxpayer actively participates.

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Definitions:

Social Consequence

The impact of an action or decision on society, including effects on norms, behaviors, and the well-being of community members.

Social Purpose

Refers to the intention of an organization or initiative to contribute positively to society beyond the primary objective of making profit.

Social Entrepreneurs

Individuals who pursue innovative solutions to social problems with the aim to create social value and positive change.

Stakeholders

Parties interested in or affected by a company’s actions, outcomes, and policies, including employees, customers, investors, and communities.