non-recaptured net section 1231 losses
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1231 — for purposes of this section (2 versions over time)
For purposes of this subsection, the term “non-recaptured net section 1231 losses” means the excess of—
(A) the aggregate amount of the net section 1231 losses for the 5 most recent preceding taxable years, over
(B) the portion of such losses taken into account under paragraph (1) for such preceding taxable years.