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Gross income defined

2 rules1 of 2 subsections

(a) General definition

(a)General definition∀ 2#

Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items:

(1) Compensation for services, including fees, commissions, fringe benefits, and similar items;

(2) Gross income derived from business;

(3) Gains derived from dealings in property;

(4) Interest;

(5) Rents;

(6) Royalties;

(7) Dividends;

(8) Annuities;

(9) Income from life insurance and endowment contracts;

(10) Pensions;

(11) Income from discharge of indebtedness;

(12) Distributive share of partnership gross income;

(13) Income in respect of a decedent; and

(14) Income from an interest in an estate or trust.

(a)(1)#

Compensation for services, including fees, commissions, fringe benefits, and similar items;

(a)(2)#

Gross income derived from business;

(a)(3)#

(b)Cross references#

For items specifically included in gross income, see part II (sec. 71 and following). For items specifically excluded from gross income, see part III (sec. 101 and following).

in view

Whole section

Encodings · 2

enumerated_gross_income_items26 USC § 61 (a) · derived

26 USC 61(a)

name: enumerated_gross_income_items
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 61(a)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/61
          excerpt: including (but not limited to) the following items
versions:
  - effective_from: '1990-01-01'
    formula: |-
      max(0, compensation_for_services)
      + max(0, gross_income_derived_from_business)
      + max(0, gains_derived_from_dealings_in_property)
      + max(0, interest)
      + max(0, rents)
      + max(0, royalties)
      + max(0, dividends)
      + max(0, annuities)
      + max(0, income_from_life_insurance_and_endowment_contracts)
      + max(0, pensions)
      + max(0, income_from_discharge_of_indebtedness)
      + max(0, distributive_share_of_partnership_gross_income)
      + max(0, income_in_respect_of_a_decedent)
      + max(0, income_from_an_interest_in_an_estate_or_trust)

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gross_income26 USC § 61 (a) · derived

26 USC 61(a): General definition Except as otherwise provided in this subtitle, gross income means all income f...

name: gross_income
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: >-
  26 USC 61(a): General definition Except as otherwise provided in this
  subtitle, gross income means all income f...
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/61
          excerpt: >-
            Except as otherwise provided in this subtitle, gross income means
            all income from whatever source derived
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/26/61
          excerpt: Except as otherwise provided in this subtitle
versions:
  - effective_from: '1990-01-01'
    formula: |-
      max(
          0,
          all_income_from_whatever_source_derived
          - amounts_otherwise_provided_excluded_from_gross_income_under_this_subtitle
      )

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▸rulespec code

Shown source

statutes/26/61.yaml

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View on GitHub

Rules

enumerated_gross_income_items

Derived(a) in text ↖

source: 26 USC 61(a)

- name: enumerated_gross_income_items
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 61(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/61
            excerpt: including (but not limited to) the following items
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        max(0, compensation_for_services)
        + max(0, gross_income_derived_from_business)
        + max(0, gains_derived_from_dealings_in_property)
        + max(0, interest)
        + max(0, rents)
        + max(0, royalties)
        + max(0, dividends)
        + max(0, annuities)
        + max(0, income_from_life_insurance_and_endowment_contracts)
        + max(0, pensions)
        + max(0, income_from_discharge_of_indebtedness)
        + max(0, distributive_share_of_partnership_gross_income)
        + max(0, income_in_respect_of_a_decedent)
        + max(0, income_from_an_interest_in_an_estate_or_trust)

gross_income

Derived(a) in text ↖

source: 26 USC 61(a): General definition Except as otherwise provided in this subtitle, gross income means all income f...

- name: gross_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: >-
    26 USC 61(a): General definition Except as otherwise provided in this subtitle, gross income
    means all income f...
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/61
            excerpt: >-
              Except as otherwise provided in this subtitle, gross income means all income from
              whatever source derived
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/61
            excerpt: Except as otherwise provided in this subtitle
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        max(
            0,
            all_income_from_whatever_source_derived
            - amounts_otherwise_provided_excluded_from_gross_income_under_this_subtitle
        )

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us/statute/26/61 — Gross income defined · Axiom

Gross income defined

2 rules1 of 2 subsections

Official source

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(a) General definition

(a)General definition∀ 2#

Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items:

(1) Compensation for services, including fees, commissions, fringe benefits, and similar items;

(2) Gross income derived from business;

(3) Gains derived from dealings in property;

(4) Interest;

(5) Rents;

(6) Royalties;

(7) Dividends;

(8) Annuities;

(9) Income from life insurance and endowment contracts;

(10) Pensions;

(11) Income from discharge of indebtedness;

(12) Distributive share of partnership gross income;

(13) Income in respect of a decedent; and

(14) Income from an interest in an estate or trust.

(a)(1)#

Compensation for services, including fees, commissions, fringe benefits, and similar items;

(a)(2)#

Gross income derived from business;

(a)(3)#

(b)Cross references#

For items specifically included in gross income, see part II (sec. 71 and following). For items specifically excluded from gross income, see part III (sec. 101 and following).

in view

Whole section

Encodings · 2

enumerated_gross_income_items26 USC § 61 (a) · derived

26 USC 61(a)

name: enumerated_gross_income_items
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 61(a)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/61
          excerpt: including (but not limited to) the following items
versions:
  - effective_from: '1990-01-01'
    formula: |-
      max(0, compensation_for_services)
      + max(0, gross_income_derived_from_business)
      + max(0, gains_derived_from_dealings_in_property)
      + max(0, interest)
      + max(0, rents)
      + max(0, royalties)
      + max(0, dividends)
      + max(0, annuities)
      + max(0, income_from_life_insurance_and_endowment_contracts)
      + max(0, pensions)
      + max(0, income_from_discharge_of_indebtedness)
      + max(0, distributive_share_of_partnership_gross_income)
      + max(0, income_in_respect_of_a_decedent)
      + max(0, income_from_an_interest_in_an_estate_or_trust)

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gross_income26 USC § 61 (a) · derived

26 USC 61(a): General definition Except as otherwise provided in this subtitle, gross income means all income f...

name: gross_income
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: >-
  26 USC 61(a): General definition Except as otherwise provided in this
  subtitle, gross income means all income f...
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/61
          excerpt: >-
            Except as otherwise provided in this subtitle, gross income means
            all income from whatever source derived
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/26/61
          excerpt: Except as otherwise provided in this subtitle
versions:
  - effective_from: '1990-01-01'
    formula: |-
      max(
          0,
          all_income_from_whatever_source_derived
          - amounts_otherwise_provided_excluded_from_gross_income_under_this_subtitle
      )

open in graph ↗

▸rulespec code

Shown source

statutes/26/61.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

enumerated_gross_income_items

Derived(a) in text ↖

source: 26 USC 61(a)

- name: enumerated_gross_income_items
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 61(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/61
            excerpt: including (but not limited to) the following items
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        max(0, compensation_for_services)
        + max(0, gross_income_derived_from_business)
        + max(0, gains_derived_from_dealings_in_property)
        + max(0, interest)
        + max(0, rents)
        + max(0, royalties)
        + max(0, dividends)
        + max(0, annuities)
        + max(0, income_from_life_insurance_and_endowment_contracts)
        + max(0, pensions)
        + max(0, income_from_discharge_of_indebtedness)
        + max(0, distributive_share_of_partnership_gross_income)
        + max(0, income_in_respect_of_a_decedent)
        + max(0, income_from_an_interest_in_an_estate_or_trust)

gross_income

Derived(a) in text ↖

source: 26 USC 61(a): General definition Except as otherwise provided in this subtitle, gross income means all income f...

- name: gross_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: >-
    26 USC 61(a): General definition Except as otherwise provided in this subtitle, gross income
    means all income f...
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/61
            excerpt: >-
              Except as otherwise provided in this subtitle, gross income means all income from
              whatever source derived
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/61
            excerpt: Except as otherwise provided in this subtitle
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        max(
            0,
            all_income_from_whatever_source_derived
            - amounts_otherwise_provided_excluded_from_gross_income_under_this_subtitle
        )

Gross income defined

(a)General definition∀ 2#

(a)(1)#

(a)(2)#

(a)(3)#

(b)Cross references#

enumerated_gross_income_items

gross_income

Gross income defined

(a)General definition∀ 2#

(a)(1)#

(a)(2)#

(a)(3)#

(b)Cross references#

enumerated_gross_income_items

gross_income

(a)(4)#

(a)(5)#

(a)(6)#

(a)(7)#

(a)(8)#

(a)(9)#

(a)(10)#

(a)(11)#

(a)(12)#

(a)(13)#

(a)(14)#