### Question
Can you define what net investment income means?


### Answer
**Net investment income** is defined as the following in *26 U.S.C. § 163*:

> the excess of—


(i) investment income, over


(ii) investment expenses

#### Citation:
  - *26 U.S.C. § 163*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

