(C) The amount of any trust distribution to the taxpayer included in his federal gross income for the taxable year to the extent that such amount was previously taxed to the trust by the District. (ii) An individual by reason of whose death the taxpayer acquired the right to receive the income or gain. (i) The taxpayer with the District for any taxable year beginning prior to Januor (B) The amount of any income or gain included in the taxpayer’s federal gross income for the taxable year to the extent that it was included as income or gain in an income or franchise tax return filed by: (A) After January 23, 1983, interest and dividend income on obligations or securities of the United States, or its agencies or instrumentalities, to the extent that this income is included in federal gross income. (2) The following items shall be excluded in the computation of District gross income: (C) Nothing in this paragraph shall be construed as repealing or limiting the provisions of § 9-921. (B) Individuals, estates, and trusts shall not, and shall not have been required to, include interest on the obligations of the District of Columbia, a state, a territory of the United States, or any political subdivision thereof, in the computation of District gross income. (1) (A) For taxpayers other than individuals, estates, and trusts, interest upon the obligations of a state, territory of the United States, or any political subdivision thereof, but not including the District, shall be included in the computation of District gross income.
#Irc section 61 code
In addition to the items specifically included or excluded by reference to § 61(b) of the Internal Revenue Code of 1986, the following items shall also be included or excluded in the computation of District gross income: The words “gross income” shall have the same meaning as defined in § 61 of the Internal Revenue Code of 1986. To view the text of this section after the expiration of all emergency and temporary legislation, click this link: Permanent Version.* *NOTE: This section includes amendments by temporary legislation that will expire on April 3, 2022.
*NOTE: This section includes amendments by emergency legislation that will expire on November 3, 2021.
*NOTE: This section includes amendments by temporary legislation that will expire on February 4, 2022. Gross income - Items included and excluded “adjusted gross income” defined.
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