group loss item
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1503 — for purposes of this section
The term “group loss item” means any of the following items of any other member of the affiliated group which includes the subsidiary:
(i) Any net operating loss and any net operating loss carryover or carryback under section 172.
(ii) Any loss from the sale or exchange of any capital asset and any capital loss carryover or carryback under section 1212.