passive investment income
Defined in 1 place of the United States Code.
Except as otherwise provided in this subparagraph, the term “passive investment income” means gross receipts derived from royalties, rents, dividends, interest, and annuities.
Source
- 2007–present26 U.S.C. § 1362Internal Revenue Code · Election; revocation; termination · in this section
Except as otherwise provided in this subparagraph, the term “passive investment income” means gross receipts derived from royalties, rents, dividends, interest, annuities, and sales or exchanges of stock or securities (gross receipts from such sales or exchanges being taken into account for purposes of this paragraph only to the extent of gains therefrom).
Source
- 1994–200726 U.S.C. § 1362Internal Revenue Code · Election; revocation; termination · in this section