tax-exempt use loss
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 470 — for purposes of this section
The term “tax-exempt use loss” means, with respect to any taxable year, the amount (if any) by which—
(A) the sum of—
(i) the aggregate deductions (other than interest) directly allocable to a tax-exempt use property, plus
(ii) the aggregate deductions for interest properly allocable to such property, exceed
(B) the aggregate income from such property.