extraordinary dividend
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1059 — for purposes of this section
The term “extraordinary dividend” means any dividend with respect to a share of stock if the amount of such dividend equals or exceeds the threshold percentage of the taxpayer's adjusted basis in such share of stock.
26 U.S.C. § 263 — under this subtitle
For purposes of this subsection, the term “extraordinary dividend” has the meaning given to such term by section 1059(c); except that such section shall be applied by treating the amount realized by the taxpayer in the short sale as his adjusted basis in the stock.