### Question
How does the law define excess reported amount?


### Answer
Under *26 U.S.C. § 852*, **excess reported amount** is defined as:

> the excess of the aggregate reported amount over the exempt interest of the company for the taxable year

#### Citation:
  - *26 U.S.C. § 852*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter M-Regulated Investment Companies and Real Estate Investment Trusts > PART I-REGULATED INVESTMENT COMPANIES**

