investment asset
Defined in 1 place of the United States Code.
For purposes of clause (i), the term “investment asset” means any single asset (other than an investment fund or similar entity)—
(I) acquired directly by an investment fund or similar entity,
(II) with respect to which such entity does not (nor does any person related to such entity) participate in the active management of such asset (or if such asset is an interest in an entity, in the active management of the activities of such entity), and
(III) substantially all of any gain on the disposition of which (other than such deferred compensation) is allocated to investors in such entity.
Source
- 2026–present26 U.S.C. § 457AInternal Revenue Code · Nonqualified deferred compensation from certain tax indifferent parties · for purposes of this section
For purposes of clause (i), the term “investment asset” means any single asset (other than an investment fund or similar entity)—
(I) acquired directly by an investment fund or similar entity,
(II) with respect to which such entity does not (nor does any person related to such entity) participate in the active management of such asset (or if such asset is an interest in an entity, in the active management of the activities of such entity), and
(III) substantially all of any gain on the disposition of which (other than such deferred compensation) is allocated to investors in such entity.
(iii) Coordination with special rule
Paragraph (3)(B) shall not apply to any compensation to which clause (i) applies.
(2) Comprehensive foreign income tax
Source
- 2008–202626 U.S.C. § 457AInternal Revenue Code · Nonqualified deferred compensation from certain tax indifferent parties · for purposes of this section