### Question
How is the term elected farm income defined?


### Answer
The term **elected farm income** is defined in *26 U.S.C. § 1301* as the following:

> so much of the taxable income for the taxable year—



(i) which is attributable to any farming business or fishing business

#### Citation:
  - *26 U.S.C. § 1301*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter Q-Readjustment of Tax Between Years and Special Limitations > PART I-INCOME AVERAGING**

