net passive income
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1375 — for purposes of this section
The term “net passive income” means—
(A) passive investment income, reduced by
(B) the deductions allowable under this chapter which are directly connected with the production of such income (other than deductions allowable under section 172 and part VIII of subchapter B).