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loss corporation

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 382 — for purposes of this section (2 versions over time)

The term "loss corporation" means a corporation entitled to use a net operating loss carryover or having a net operating loss for the taxable year in which the ownership change occurs. Such term shall include any corporation entitled to use a carryforward of disallowed interest described in section 381(c)(20). Except to the extent provided in regulations, such term includes any corporation with a net unrealized built-in loss.