### Question
How is the term gross investment income defined?


### Answer
The term **gross investment income** is defined in *26 U.S.C. § 834* as the following:

> the sum of the following:


(1) The gross amount of income during the taxable year from—


(A) interest, dividends, rents, and royalties,


(B) the entering into of any lease, mortgage, or other instrument or agreement from which the insurance company derives interest, rents, or royalties,


(C) the alteration or termination of any instrument or agreement described in subparagraph (B), and


(D) gains from sales or exchanges of capital assets to the extent provided in subchapter P (sec

#### Citation:
  - *26 U.S.C. § 834*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART II-OTHER INSURANCE COMPANIES**

