net underlying long-term capital gain
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1260 — for purposes of this section (3 versions over time)
For purposes of this section, in the case of any constructive ownership transaction with respect to any financial asset, the term "net underlying long-term capital gain" means the aggregate net capital gain that the taxpayer would have had if—