net investment income
Defined in 5 places of the United States Code.
For purposes of this subsection, the term “net investment income” means—
(A) gross investment income (within the meaning of section 834(b)), reduced by
(B) expenses allocable to such income.
Source
- 1994–present26 U.S.C. § 842Internal Revenue Code · Foreign companies carrying on insurance business · in this section
For purposes of this subsection, the term “net investment income” means the excess of—
(A) the gross amount of income from interest, dividends, rents, and royalties, plus the excess (if any) of gains from the sale or exchange of assets over the losses from the sale or exchange of assets, over
(B) the deductions allowed by this chapter which are directly connected with the production of the income referred to in subparagraph (A).
Source
- 2013–present26 U.S.C. § 527Internal Revenue Code · Political organizations · for purposes of this section
For purposes of this subsection, the term "net investment income" means the excess of—
(A) the gross amount of income from interest, dividends, rents, and royalties, plus the excess (if any) of gains from the sale or exchange of assets over the losses from the sale or exchange of assets, over
(B) the deductions allowed by this chapter which are directly connected with the production of the income referred to in subparagraph (A).
For purposes of the preceding sentence, there shall not be taken into account items taken into account for purposes of the tax imposed by section 511 (relating to tax on unrelated business income).
Source
- 1994–202026 U.S.C. § 527Internal Revenue Code · Political organizations · for purposes of this section
The term “net investment income” has the meaning given such term by section 163(d)(4).
Source
- 1994–present26 U.S.C. § 7872Internal Revenue Code · Treatment of loans with below-market interest rates · in this section
The term “net investment income” means the excess (if any) of—
(A) the sum of—
(i) gross income from interest, dividends, annuities, royalties, and rents, other than such income which is derived in the ordinary course of a trade or business not described in paragraph (2),
(ii) other gross income derived from a trade or business described in paragraph (2), and
(iii) net gain (to the extent taken into account in computing taxable income) attributable to the disposition of property other than property held in a trade or business not described in paragraph (2), over
(B) the deductions allowed by this subtitle which are properly allocable to such gross income or net gain.
Source
- 2010–present26 U.S.C. § 1411Internal Revenue Code · Imposition of tax · for purposes of this chapter
The term “net investment income” means the excess of—
(i) investment income, over
(ii) investment expenses.
Source
- 1994–present26 U.S.C. § 163Internal Revenue Code · Interest · under this chapter