### Question
How does Income Taxes define fishing business?


### Answer
Under *26 U.S.C. § 1301*, **fishing business** is defined as:

> the conduct of commercial fishing as defined in section 3 of the Magnuson-Stevens Fishery Conservation and Management Act (16 U.S.C. 1802)

#### 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**

