net section 1256 contract gain
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1212 — in this section
The term “net section 1256 contract gain” means the lesser of—
(i) the capital gain net income for the taxable year determined by taking into account only gains and losses from section 1256 contracts, or
(ii) the capital gain net income for the taxable year.