passive income
Defined in 2 places of the United States Code.
Except as otherwise provided in this subparagraph, the term “passive income” means any income received or accrued by any person which is of a kind which would be foreign personal holding company income (as defined in section 954(c)).
Source
- 1994–present26 U.S.C. § 904Internal Revenue Code · Limitation on credit · in this section
Except as provided in clause (iii), subparagraph (E)(ii), or paragraph (3)(H), the term “passive income” includes any amount includible in gross income under section 1293 (relating to certain passive foreign investment companies).
Source
- 2018–present26 U.S.C. § 904Internal Revenue Code · Limitation on credit · in this section
Except as provided in clause (iii), the term “passive income” includes any amount includible in gross income under section 551 or, except as provided in subparagraph (E)(iii) or paragraph (3)(I), section 1293 (relating to certain passive foreign investment companies).
Source
- 1994–200526 U.S.C. § 904Internal Revenue Code · Limitation on credit · in this section
Except as provided in clause (iii), the term “passive income” includes, except as provided in subparagraph (E)(iii) 1 or paragraph (3)(I) 1, any amount includible in gross income under section 1293 (relating to certain passive foreign investment companies).
Source
- 2006–201826 U.S.C. § 904Internal Revenue Code · Limitation on credit · in this section
Except as provided in clause (iii), the term “passive income” includes, except as provided in subparagraph (E)(iii) 1 or paragraph (3)(I), any amount includible in gross income under section 1293 (relating to certain passive foreign investment companies).
Source
- 2005–200626 U.S.C. § 904Internal Revenue Code · Limitation on credit · in this section
Except as provided in paragraph (2), the term “passive income” means any income which is of a kind which would be foreign personal holding company income as defined in section 954(c).
Source
- 1997–present26 U.S.C. § 1297Internal Revenue Code · Passive foreign investment company · for purposes of this section