Michael Torres
CPA, Former IRS Revenue Agent
Passive Income
In This Article
Definition
Income requiring minimal ongoing effort after initial setup, like car sharing or print-on-demand sales.
Related Terms
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FAQs
Is gig work passive?
Mostly active; some like Turo can be more passive.
Examples of passive gig income?
Car sharing (Turo), print-on-demand, digital products.
Similar Terms
How We Research & Review
Our team includes CPAs, former gig workers, and financial experts who personally test platforms and verify earnings claims. We follow strict editorial guidelines to ensure accuracy and objectivity.
Important Disclaimer: This content is for informational purposes only and should not be considered tax, legal, or financial advice. Consult a qualified professional (CPA, tax attorney, or financial advisor) for advice specific to your situation.