qualified business income
Defined in 1 place of the United States Code.
The term "qualified business income" means, for any taxable year, the net amount of qualified items of income, gain, deduction, and loss with respect to any qualified trade or business of the taxpayer. Such term shall not include any qualified REIT dividends or qualified publicly traded partnership income.
Source
- 2018–present26 U.S.C. § 199AInternal Revenue Code · Qualified business income · for purposes of this section
The term "qualified business income" means, for any taxable year, the net amount of qualified items of income, gain, deduction, and loss with respect to any qualified trade or business of the taxpayer. Such term shall not include any qualified REIT dividends, qualified cooperative dividends, or qualified publicly traded partnership income.
Source
- 2017–201826 U.S.C. § 199AInternal Revenue Code · Qualified business income · for purposes of this section