### Question
What is the definition of deemed intangible income?


### Answer
The definition of **deemed intangible income** is as follows in *26 U.S.C. § 250*:

> the excess (if any) of—


(i) the deduction eligible income of the domestic corporation, over


(ii) the deemed tangible income return of the corporation

#### Citation:
  - *26 U.S.C. § 250*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VIII-SPECIAL DEDUCTIONS FOR CORPORATIONS**

