qualified passive income
Defined in 1 place of the United States Code.
The term “qualified passive income” means any item of gross income if—
(i) such item of income is passive income (as defined in subsection (d)(2)(A) without regard to clause (iii) thereof), and
(ii) such item of income is shown on a payee statement furnished to the individual.
Source
- 1997–200626 U.S.C. § 904Internal Revenue Code · Limitation on credit · in this section
The term “qualified passive income” means any item of gross income if—
(i) such item of income is passive income (as defined in subsection (d)(2)(B) without regard to clause (iii) thereof), and
(ii) such item of income is shown on a payee statement furnished to the individual.
Source
- 2006–present26 U.S.C. § 904Internal Revenue Code · Limitation on credit · in this section