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LSDefine

Simple English definitions for legal terms

portfolio income

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A quick definition of portfolio income:

Portfolio income is money that someone earns from investments, like interest on savings, dividends, or capital gains. It's different from earned income, which is money earned from working. Passive income is a type of portfolio income that doesn't require active participation, like rental income or royalties. Losses on passive activities can't be used to offset net portfolio income for tax purposes.

A more thorough explanation:

Definition: Portfolio income is income that is not derived in the ordinary course of a trade or business, such as interest earned on savings, dividends, royalties, capital gains, or other investment sources.

Examples:

  • Earnings from stocks and bonds
  • Dividends received from investments
  • Capital gains from the sale of assets
  • Royalties earned from intellectual property

These examples illustrate how portfolio income is earned through investments rather than through active participation in a business or trade. It is important to note that losses on passive activities cannot be used to offset net portfolio income for tax purposes.

portfolio | portfolio-pumping

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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