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Thread: What Counts as Annual Income for Chase Application Purposes?
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Old Apr 24, 2021 | 5:20 am
  #18  
EdofFX
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Originally Posted by richarddd
Chase does not really define income, it just says "what you reasonably expect to earn" and lists some examples of sources.

Can I reasonably expect to earn the IRS RMD amount from my portfolio, even if I'm not actually withdrawing?

If I sell a stock for $100 and it has a basis of $75, is my income $25 or $100? Different sources give different answers. Which complies with Chase's definition?

The wikipedia article I linked lists increases in valuation as income. I'll admit this is a stretch.
Which amount will you report to the IRS as "earned income" and pay taxes on?
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