gross income

(ii)For purposes of clause (i), in the case of 1 or more sales or other dispositions of stock or securities, the term “gross income” includes only the excess of— (I)the net short-term capital gain from such sales or dispositions, over (II)the net long-term capital loss from such sales or dispositions. (C) (i)The aggregate amount which may be reported as dividends under subparagraph (A) shall not exceed the aggregate dividends received by the company for the taxable year. (ii)The aggregate amount which may be reported as qualified dividend income under subparagraph (B) shall not exceed the sum of— (I)the qualified dividend income of the company for the taxable year, and (II)the amount of any earnings and profits which were distributed by the company for such taxable year and accumulated in a taxable year with respect to which this part did not apply.

Source

26 USC § 854(b)(1)(B)(ii)


Scoping language

None: Default is title Scope
Is this correct? or