Chapter 1 -- Normal taxes and surtaxes
Subchapter B -- Computation of taxable income
Part I -- Definition of gross income, adjusted gross income, taxable income, etc.

Sec. 61. Gross income defined

Code Section Summary
Background Notes
26 U.S.C. 61 Regulations
Special Note: 2001 Air Transportation Safety and System Stabilization Act

(a) General definition

Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items:

     (1) Compensation for services, including fees, commissions, fringe benefits, and similar items;

     (2) Gross income derived from business;

     (3) Gains derived from dealings in property;

     (4) Interest;

     (5) Rents;

     (6) Royalties;

     (7) Dividends;

     (8) Alimony and separate maintenance payments;

     (9) Annuities;

     (10) Income from life insurance and endowment contracts;

     (11) Pensions;

     (12) Income from discharge of indebtedness;

     (13) Distributive share of partnership gross income;

     (14) Income in respect of a decedent; and

     (15) Income from an interest in an estate or trust.

(b) Cross references

For items specifically included in gross income, see part II (sec. 71 and following). For items specifically excluded from gross income, see part III (sec. 101 and following).