PM 08-02-06-h: Rental Income

WAG 08-02-06-h.

Net income from rental property owned by a client is considered unearned income if the client has no specific responsibility for management of the property or capital investment. For example, when a rental agency or trustee handles all of the management duties relating to the property and forwards the money to the client, the rental income is unearned. See PM 08-02-02-c for earned income from rental property.