current income


Also found in: Financial.
Related to current income: Investment income, Income stock

current income

n.
Investment income earned from interest, dividends, rent, and similar sources, as opposed to that derived from increases in asset value.
References in periodicals archive ?
Under the separate-share rule of tax code section 663(c), this single trust would be treated as two separate trusts, thus meeting the QSST requirement that there be only one current income and corpus beneficiary for a trust holding S corporation stock.
All closed-end management investment companies, VCF and VFL's investment objective is to provide current income exempt from federal income tax and from the personal income tax of its state, if any, consistent with the preservation of capital.
The mark-to-market election extends the current income inclusion method to PFIC shareholders unable or unwilling to make a QEF election.
Current income, estate and gift tax deductions are measured by the present value of the remainder interest given to the charity, as calculated according to Internal Revenue Code section 7520.
The fund primarily seeks high current income together with capital appreciation by investing in a portfolio of investments selected for their potential to provide high current income, growth of capital, or both.
10 also addresses accounting for current income taxes.
* A "current income trust," structured according to the terms of IRC section 2503(b).
EAD is a closed-end high-yield bond fund and seeks a high level of current income and as a secondary objective, capital appreciation to the extent it is consistent with its investment objective.
The Wizard prices both accrual bonds (Series I, EE, E and savings notes) and current income bonds (Series HH and H).
The calculation of current taxes and of the alternative minimum tax (AMT), the book income adjustment and the adjusted current earnings adjustment are covered in the chapter on calculating current income taxes.
All closed-end management investment companies, VCF aims to provide current income exempt from federal income tax and from the personal income tax of its state, if any, consistent with the preservation of capital.
As the NIMCRUT is a tax-exempt entity, there is no current income tax liability on the K-1 income of the partnership units that it owns.

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