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Exception for distributions from qualified plans

1 rule

The term “net investment income” shall not include any distribution from a plan or arrangement described in section 401(a), 403(a), 403(b), 408, 408A, or 457(b).

in view

Whole section

Encodings · 1

net_investment_income_excluded_items26 USC § 1411 (c)(5) · derived

26 USC 1411(c)(5), (c)(6)

name: net_investment_income_excluded_items
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 1411(c)(5), (c)(6)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/26/1411
versions:
  - effective_from: '2013-01-01'
    formula: |-
      qualified_plan_distributions
      + self_employment_income_subject_to_1401_b

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▸rulespec code

Shown source

statutes/26/1411.yaml

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Rules

niit_rate

Parameter

source: 26 USC 1411(a)(1), (a)(2)

- name: niit_rate
  kind: parameter
  dtype: Rate
  source: 26 USC 1411(a)(1), (a)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: '0.038'

niit_threshold_joint

Parameter

source: 26 USC 1411(b)(1)

- name: niit_threshold_joint
  kind: parameter
  dtype: Money
  unit: USD
  source: 26 USC 1411(b)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: '250000'

niit_threshold_other

Parameter

source: 26 USC 1411(b)(3)

- name: niit_threshold_other
  kind: parameter
  dtype: Money
  unit: USD
  source: 26 USC 1411(b)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: '200000'

niit_threshold_separate

Derived

source: 26 USC 1411(b)(2)

- name: niit_threshold_separate
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(b)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: niit_threshold_joint / 2

niit_threshold_amount

Derived

source: 26 USC 1411(b)

- name: niit_threshold_amount
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        match filing_status:
            1 => niit_threshold_joint
            4 => niit_threshold_joint
            2 => niit_threshold_separate
            3 => niit_threshold_other
            0 => niit_threshold_other

niit_modified_adjusted_gross_income

Derived

source: 26 USC 1411(d)

- name: niit_modified_adjusted_gross_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/911/a/1#foreign_earned_income_excluded_from_gross_income
            output: foreign_earned_income_excluded_from_gross_income
            hash: sha256:6b3d485412c7039578b86df1ff0ca4e7ffce0c8414fe7dc0fb9f643eaea755fc
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/911/d/6#section_911_disallowed_deductions_and_exclusions
            output: section_911_disallowed_deductions_and_exclusions
            hash: sha256:ee94dfb18b7d04d16aefa2afbe70213feee3fcd04f4f80e7a26763e2ac841f30
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        adjusted_gross_income
        + max(
            0,
            foreign_earned_income_excluded_from_gross_income
            - section_911_disallowed_deductions_and_exclusions
        )

net_investment_income_gross_items

Derived

source: 26 USC 1411(c)(1)(A), (c)(2), (c)(3), (c)(4)

- name: net_investment_income_gross_items
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(c)(1)(A), (c)(2), (c)(3), (c)(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        taxable_interest_income
        + dividend_income
        + annuity_income
        + royalty_income
        + rental_income
        + passive_activity_business_income
        + financial_trading_business_income
        + investment_of_working_capital_income
        + taxable_net_gain_from_dispositions_after_active_partnership_s_corporation_exception

net_investment_income_excluded_items

Derived

source: 26 USC 1411(c)(5), (c)(6)

- name: net_investment_income_excluded_items
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(c)(5), (c)(6)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        qualified_plan_distributions
        + self_employment_income_subject_to_1401_b

net_investment_income

Derived

source: 26 USC 1411(c)

- name: net_investment_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        max(
            0,
            net_investment_income_gross_items
            - allocable_investment_deductions
            - net_investment_income_excluded_items
        )

niit_excess_modified_adjusted_gross_income

Derived

source: 26 USC 1411(a)(1)(B)

- name: niit_excess_modified_adjusted_gross_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(a)(1)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: max(0, niit_modified_adjusted_gross_income - niit_threshold_amount)

niit_individual_tax_base

Derived

source: 26 USC 1411(a)(1)

- name: niit_individual_tax_base
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(a)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: min(net_investment_income, niit_excess_modified_adjusted_gross_income)

niit_estate_or_trust_excess_adjusted_gross_income

Derived

source: 26 USC 1411(a)(2)(B)

- name: niit_estate_or_trust_excess_adjusted_gross_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(a)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/67/e#estate_or_trust_adjusted_gross_income
            output: estate_or_trust_adjusted_gross_income
            hash: sha256:1d2f326aff41b4a3b2accb8f6965f60a2de063c96efbb11351dd6cf7d8bafbbd
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        max(
            0,
            estate_or_trust_adjusted_gross_income
            - highest_section_1_e_bracket_begin_amount
        )

niit_estate_or_trust_tax_base

Derived

source: 26 USC 1411(a)(2)

- name: niit_estate_or_trust_tax_base
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(a)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        min(
            undistributed_net_investment_income,
            niit_estate_or_trust_excess_adjusted_gross_income
        )

net_investment_income_tax

Derived

source: 26 USC 1411(a), (e)

- name: net_investment_income_tax
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(a), (e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        if is_nonresident_alien: 0 else:
            if trust_all_unexpired_interests_devoted_to_section_170_c_2_B_purposes: 0 else:
                if is_individual: niit_rate * niit_individual_tax_base else:
                    if is_estate_or_trust: niit_rate * niit_estate_or_trust_tax_base else: 0

▸citations (1)

References

This rule cites 1 other rule.

26 USC § 401 (a)inferredUS Federal › Statutes › Title 26 › § 401 › (a)

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us/statute/26/1411/c/5 — Exception for distributions from qualified plans · Axiom

Exception for distributions from qualified plans

1 rule

Official source

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The term “net investment income” shall not include any distribution from a plan or arrangement described in section 401(a), 403(a), 403(b), 408, 408A, or 457(b).

in view

Whole section

Encodings · 1

net_investment_income_excluded_items26 USC § 1411 (c)(5) · derived

26 USC 1411(c)(5), (c)(6)

name: net_investment_income_excluded_items
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 1411(c)(5), (c)(6)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us/statute/26/1411
versions:
  - effective_from: '2013-01-01'
    formula: |-
      qualified_plan_distributions
      + self_employment_income_subject_to_1401_b

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▸rulespec code

Shown source

statutes/26/1411.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/26/1411; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

niit_rate

Parameter

source: 26 USC 1411(a)(1), (a)(2)

- name: niit_rate
  kind: parameter
  dtype: Rate
  source: 26 USC 1411(a)(1), (a)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: '0.038'

niit_threshold_joint

Parameter

source: 26 USC 1411(b)(1)

- name: niit_threshold_joint
  kind: parameter
  dtype: Money
  unit: USD
  source: 26 USC 1411(b)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: '250000'

niit_threshold_other

Parameter

source: 26 USC 1411(b)(3)

- name: niit_threshold_other
  kind: parameter
  dtype: Money
  unit: USD
  source: 26 USC 1411(b)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: '200000'

niit_threshold_separate

Derived

source: 26 USC 1411(b)(2)

- name: niit_threshold_separate
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(b)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: niit_threshold_joint / 2

niit_threshold_amount

Derived

source: 26 USC 1411(b)

- name: niit_threshold_amount
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        match filing_status:
            1 => niit_threshold_joint
            4 => niit_threshold_joint
            2 => niit_threshold_separate
            3 => niit_threshold_other
            0 => niit_threshold_other

niit_modified_adjusted_gross_income

Derived

source: 26 USC 1411(d)

- name: niit_modified_adjusted_gross_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/911/a/1#foreign_earned_income_excluded_from_gross_income
            output: foreign_earned_income_excluded_from_gross_income
            hash: sha256:6b3d485412c7039578b86df1ff0ca4e7ffce0c8414fe7dc0fb9f643eaea755fc
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/911/d/6#section_911_disallowed_deductions_and_exclusions
            output: section_911_disallowed_deductions_and_exclusions
            hash: sha256:ee94dfb18b7d04d16aefa2afbe70213feee3fcd04f4f80e7a26763e2ac841f30
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        adjusted_gross_income
        + max(
            0,
            foreign_earned_income_excluded_from_gross_income
            - section_911_disallowed_deductions_and_exclusions
        )

net_investment_income_gross_items

Derived

source: 26 USC 1411(c)(1)(A), (c)(2), (c)(3), (c)(4)

- name: net_investment_income_gross_items
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(c)(1)(A), (c)(2), (c)(3), (c)(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        taxable_interest_income
        + dividend_income
        + annuity_income
        + royalty_income
        + rental_income
        + passive_activity_business_income
        + financial_trading_business_income
        + investment_of_working_capital_income
        + taxable_net_gain_from_dispositions_after_active_partnership_s_corporation_exception

net_investment_income_excluded_items

Derived

source: 26 USC 1411(c)(5), (c)(6)

- name: net_investment_income_excluded_items
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(c)(5), (c)(6)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        qualified_plan_distributions
        + self_employment_income_subject_to_1401_b

net_investment_income

Derived

source: 26 USC 1411(c)

- name: net_investment_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        max(
            0,
            net_investment_income_gross_items
            - allocable_investment_deductions
            - net_investment_income_excluded_items
        )

niit_excess_modified_adjusted_gross_income

Derived

source: 26 USC 1411(a)(1)(B)

- name: niit_excess_modified_adjusted_gross_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(a)(1)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: max(0, niit_modified_adjusted_gross_income - niit_threshold_amount)

niit_individual_tax_base

Derived

source: 26 USC 1411(a)(1)

- name: niit_individual_tax_base
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(a)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: min(net_investment_income, niit_excess_modified_adjusted_gross_income)

niit_estate_or_trust_excess_adjusted_gross_income

Derived

source: 26 USC 1411(a)(2)(B)

- name: niit_estate_or_trust_excess_adjusted_gross_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(a)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/67/e#estate_or_trust_adjusted_gross_income
            output: estate_or_trust_adjusted_gross_income
            hash: sha256:1d2f326aff41b4a3b2accb8f6965f60a2de063c96efbb11351dd6cf7d8bafbbd
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        max(
            0,
            estate_or_trust_adjusted_gross_income
            - highest_section_1_e_bracket_begin_amount
        )

niit_estate_or_trust_tax_base

Derived

source: 26 USC 1411(a)(2)

- name: niit_estate_or_trust_tax_base
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(a)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        min(
            undistributed_net_investment_income,
            niit_estate_or_trust_excess_adjusted_gross_income
        )

net_investment_income_tax

Derived

source: 26 USC 1411(a), (e)

- name: net_investment_income_tax
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1411(a), (e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1411
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/1411
  versions:
    - effective_from: '2013-01-01'
      formula: |-
        if is_nonresident_alien: 0 else:
            if trust_all_unexpired_interests_devoted_to_section_170_c_2_B_purposes: 0 else:
                if is_individual: niit_rate * niit_individual_tax_base else:
                    if is_estate_or_trust: niit_rate * niit_estate_or_trust_tax_base else: 0

▸citations (1)

References

This rule cites 1 other rule.

26 USC § 401 (a)inferredUS Federal › Statutes › Title 26 › § 401 › (a)