According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate. It can also include income from limited partnerships, stocks, bonds, and other similar enterprises in which the investor is not actively involved.
Dependable recurring dividends from quality, high-yield stocks are a recipe for success. We screened our 24/7 Wall St. high-yield dividend stock database, looking for companies that pay a dividend of 8% or higher, which can be deemed safe for investors.
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