### Question
How does Foreign Tax Credit define qualified passive income?


### Answer
Under *26 U.S.C. § 904*, **qualified passive income** is defined as:

> any item of gross income if—


(i) such item of income is passive income (as defined in subsection (d)(2)(A) without regard to clause (iii) thereof), and


(ii) such item of income is shown on a payee statement furnished to the individual

#### Citation:
  - *26 U.S.C. § 904*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter N-Tax Based on Income From Sources Within or Without the United States > PART III-INCOME FROM SOURCES WITHOUT THE UNITED STATES > Subpart A-Foreign Tax Credit**

