### Question
How is the "excess reported amount" defined?


### Answer
The term **excess reported amount** is defined in *26 U.S.C. § 852* as follows -

> the excess of the aggregate reported amount over the net capital gain of the company for the taxable year

#### Citation:
  - *26 U.S.C. § 852*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter M-Regulated Investment Companies and Real Estate Investment Trusts > PART I-REGULATED INVESTMENT COMPANIES**

