net capital gain
Defined in 3 places of the United States Code.
For purposes of this subsection, the term “net capital gain” means net capital gain (determined without regard to this paragraph) increased by qualified dividend income.
Source
- 2003–present26 U.S.C. § 1Internal Revenue Code · Tax imposed · in this section
The term “net capital gain” has the meaning given such term by section 1222(11) (determined by treating the 1-year period ending on October 31 of the 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 “net capital gain” means the excess of the net long-term capital gain for the taxable year over the net short-term capital loss for such year.
Source
- 1994–present26 U.S.C. § 1222Internal Revenue Code · Other terms relating to capital gains and losses · for purposes of this subtitle