loss year
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 6611 — in this section (2 versions over time)
For purposes of this subparagraph, the term “loss year” means—
(I) in the case of a carryback of a net operating loss or net capital loss, the taxable year in which such loss arises,
(II) in the case of a carryback of taxes paid or accrued to foreign countries or possessions of the United States, the taxable year in which such taxes were in fact paid or accrued (or, with respect to any portion of such carryback from a taxable year attributable to a net operating loss carryback or a capital loss carryback from a subsequent taxable year, such subsequent taxable year), and
(III) in the case of a credit carryback (as defined in paragraph (3)(B)), the taxable year in which such credit carryback arises (or, with respect to any portion of a credit carryback from a taxable year attributable to a net operating loss carryback, a capital loss carryback, or other credit carryback from a subsequent taxable year, such subsequent taxable year).