### Question
Can you define what gross investment income means?


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

> 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 (relating to capital gains and losses)

#### 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**

