excluded business
Defined in 1 place of the United States Code.
The term “excluded business” means—
(I) equipment leasing (as defined in paragraph (6)), and
(II) any business involving the use, exploitation, sale, lease, or other disposition of master sound recordings, motion picture films, video tapes, or tangible or intangible assets associated with literary, artistic, musical, or similar properties.
Source
- 1994–present26 U.S.C. § 465Internal Revenue Code · Deductions limited to amount at risk · for purposes of this section