26 U.S.C. § 61 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 61. Gross income defined

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

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

 Gross income derived from business;

 Gains derived from dealings in property;





 Alimony and separate maintenance payments;


 Income from life insurance and endowment contracts;


 Income from discharge of indebtedness;

 Distributive share of partnership gross income;

 Income in respect of a decedent;  and

 Income from an interest in an estate or trust.

 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).

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