### Question
Can you define what qualified net interest income means?


### Answer
**Qualified net interest income** is defined as the following in *26 U.S.C. § 871*:

> the qualified interest income of the regulated investment company reduced by the deductions properly allocable to such income

#### Citation:
  - *26 U.S.C. § 871*
  - 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 II-NONRESIDENT ALIENS AND FOREIGN CORPORATIONS > Subpart A-Nonresident Alien Individuals**

