### Question
What is the definition of qualified donee income?


### Answer
The definition of **qualified donee income** is as follows in *26 U.S.C. § 170*:

> any net income received by or accrued to the donee which is properly allocable to the qualified intellectual property

#### Citation:
  - *26 U.S.C. § 170*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

