Net investment income is the amount by which the sum of gross investment income and the capital gain net income exceeds the allowa?ble deductions.
Tax-exempt interest on governmental obli?gations and related expenses are excluded.
Net investment income is the amount by which the sum of gross investment income and the capital gain net income exceeds the allowa?ble deductions.
Tax-exempt interest on governmental obli?gations and related expenses are excluded.