Cryptocurrency Q&A Is a professional fee an income?

Is a professional fee an income?

CryptoWanderer CryptoWanderer Sat Sep 07 2024 | 7 answers 1166
Excuse me, could you please clarify something for me? I've been reading about different types of income and came across the term 'professional fee.' I'm a bit confused about whether a professional fee can be considered as a form of income. Is it a type of compensation that professionals, like doctors, lawyers, or accountants, receive for their services? And if so, does it fall under a specific category of income, such as earned income or passive income? I'd appreciate your insight on this matter. Is a professional fee an income?

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