capital gain net income
Defined in 3 places of the United States Code.
Except as provided in subparagraph (B), the term “capital gain net income” has the meaning given such term by section 1222(9) (determined by treating the 1-year period ending on October 31 of any calendar year as the company's taxable year).
Source
- 1994–present26 U.S.C. § 4982Internal Revenue Code · Excise tax on undistributed income of regulated investment companies · for purposes of this section
The term “capital gain net income” has the meaning given such term by section 1222(9) (determined by treating the calendar year as the trust's taxable year).
Source
- 1994–present26 U.S.C. § 4981Internal Revenue Code · Excise tax on undistributed income of real estate investment trusts · for purposes of this section
The term “capital gain net income” means the excess of the gains from sales or exchanges of capital assets over the losses from such sales or exchanges.
Source
- 1994–present26 U.S.C. § 1222Internal Revenue Code · Other terms relating to capital gains and losses · for purposes of this subtitle