• (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.