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post-December ordinary loss

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 852 — for purposes of this title

For purposes of this paragraph, the term “post-December ordinary loss” means the excess (if any) of—

(i) the ordinary losses not described in subparagraph (E)(i) and attributable to the portion of the taxable year after December 31, over

(ii) the ordinary income not described in subparagraph (E)(ii) and attributable to such portion of the taxable year.