net adjustment
Defined in 1 place of the United States Code.
The term “net adjustment” means the net adjustment in the items attributable to passive loss activities or other activities (as the case may be) which would result if such items were determined with the adjustments of sections 56, 57, and 58.
Source
- 1997–present26 U.S.C. § 772Internal Revenue Code · Simplified flow-through · for purposes of this section