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.
What is 'Unearned Income' Unearned income describes any personal income that comes from investments and other sources unrelated to employment services. Examples of unearned income include interest from a savings account, bond interest, alimony and dividends from stock. This type of income differs from traditionally earned income, which is the income earned from active work or business activity.