ordinary gross income

(1) Ordinary gross income The term “ordinary gross income” means the gross income determined by excluding— (A) all gains from the sale or other disposition of capital assets, and (B) all gains (other than those referred to in subparagraph (A)) from the sale or other disposition of property described in section 1231(b).

Source

26 USC § 543(b)(1)


Scoping language

For purposes of this part
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