inheritance, rent, capital gains, Income from interest, dividends, annuities? I don't get it. someone explain this to me:
[I]ncome from interest, dividends, annuities, royalties, and rents, other than such income which is derived in the ordinary course of a trade or business not described in paragraph (2), ‘‘(ii) other gross income derived from a trade or business described in paragraph (2)," and ‘‘(iii) net gain (to the extent taken into account in computing taxable income) attributable to the disposition of property other than property held in a trade or business not described in paragraph (2).
Reporter: So, capital gains?
Pelosi: "No, unearned income, whatever category that is."
via cnsnews.com
I do not get it. Help!
