### Question
How does NORMAL TAXES AND SURTAXES define foreign oil related income?


### Answer
Under *26 U.S.C. § 907*, **foreign oil related income** is defined as:

> the taxable income derived from sources outside the United States and its possessions from—



(A) the processing of minerals extracted (by the taxpayer or by any other person) from oil or gas wells into their primary products,



(B) the transportation of such minerals or primary products,



(C) the distribution or sale of such minerals or primary products,



(D) the disposition of assets used by the taxpayer in the trade or business described in subparagraph (A), (B), or (C), or



(E) the performance of any other related service

#### Citation:
  - *26 U.S.C. § 907*
  - 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**

