In 2010, the General Assembly included the requirement to complete. and review the Sentencing Revocation Report in all suspended. sentence, good behavior and probation violation cases and to. review applicable Probation Violation Guidelines before sentencing.
Ordinary income stands in contrast to capital gain, which is defined as gain from the sale or exchange of a capital asset. A personal residence is a capital asset to the homeowner.
Three defined categories of income are subject to the net investment income tax (Sec. 1411(c)): 1  Category I: Gross income from interest, dividends, rents, royalties, and nonqualified annuities, other than such income derived in the ordinary course of a trade or business not described in Category II.