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financial statement net operating loss

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 56A — in this section

For purposes of this subsection, the term "financial statement net operating loss" means the amount of the net loss (if any) set forth on the corporation's applicable financial statement (determined after application of subsection (c) and without regard to this subsection) for taxable years ending after December 31, 2019.