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Portfolio income included all of the following EXCEPT:

a. Royalties not derived in the ordinary course of the trade or business
b. Dividends from accumulated earnings and profits of an S corporation
c. Guaranteed payments received by a partner
d. Interest

Respuesta :

eooyibo123

Answer:

Guaranteed payments received by a partner

Explanation:

Guaranteed payments from a partner is considered as passive income.

Portfolio income is income from various investments including shares, mutual funds, annuity, and shares. Such as interest, dividends, royalties, capital gains from stock sales.

The other types of income are earned income and passive income.

Parrain

Portfolio income includes many types of income but one income it does not include is c. Guaranteed payments received by a partner.

Portfolio income:

  • Includes income that one earns from investments in companies they do not actively participate in.
  • Includes royalties, dividends, and interest payments.

Guaranteed payments to partners are income that are derived from a person actively involved in a company and so will not be considered to be portfolio income.

In conclusion, option c is correct.

Find out more on portfolio income at https://brainly.com/question/1807148.

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