### Question
How is the "foreign trade income" defined?


### Answer
The term **foreign trade income** is defined in *26 U.S.C. § 941* as follows -

> the taxable income of the taxpayer attributable to foreign trading gross receipts of the taxpayer

#### Citation:
  - *26 U.S.C. § 941*
  - 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 E-Qualifying Foreign Trade Income**

