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Treasury Regulations · 26 CFR

§ 1.61-14. Miscellaneous items of gross income.

In effect eCFR current as of October 15, 2026

Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).

Regulation under 26 U.S.C. § 61

Cite as 26 CFR § 1.61-14

At a glance

Read from the text and its source citation. Not part of the regulation.

Status
In the current eCFR
Issued
November 26, 1960 by T.D. 6500
Last amended
October 14, 1993 by T.D. 8491
Issued under
26 U.S.C. § 61
Length
197 words · about 1 min to read
Cross-references
cites 7 Code sections and 1 regulation; cited by 1
(a) In general. In addition to the items enumerated in section 61(a), there are many other kinds of gross income. For example, punitive damages such as treble damages under the antitrust laws and exemplary damages for fraud are gross income. Another person's payment of the taxpayer's income taxes constitutes gross income to the taxpayer unless excluded by law. Illegal gains constitute gross income. Treasure trove, to the extent of its value in United States currency, constitutes gross income for the taxable year in which it is reduced to undisputed possession.
(b) Cross references.
(1) Prizes and awards, see section 74 and regulations thereunder;
(2) Damages for personal injury or sickness, see section 104 and the regulations thereunder;
(3) Income taxes paid by lessee corporation, see section 110 and regulations thereunder;
(4) Scholarships and fellowship grants, see section 117 and regulations thereunder;
(5) Miscellaneous exemptions under other acts of Congress, see section 122;
(6) Tax-free covenant bonds, see section 1451 and regulations thereunder.
(7) Notional principal contracts, see § 1.446-3.

[T.D. 6500, 25 FR 11402, Nov. 26, 1960, as amended by T.D. 6856, 30 FR 13316, Oct. 20, 1965; T.D. 8491, 58 FR 53127, Oct. 14, 1993]

Other regulations under § 61

Cross-references

Computed from the citations in the text of 26 CFR.

Code sections it cites

Regulations it cites

Cited by 1 other regulation

Amendment history

From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.

  1. Amended by T.D. 8491 (58 FR 53127)
  2. Amended by T.D. 6856 (30 FR 13316)
  3. Issued by T.D. 6500 (25 FR 11402)

Where it sits in 26 CFR

  1. Subchapter A Income tax
  2. Part 1 Income taxes
  3. Definition of Gross Income, Adjusted Gross Income, and Taxable Income

Nearby sections