net section 1231 loss
Defined in 1 place of the United States Code.
For purposes of this subsection, the term “net section 1231 loss” means the excess of—
(A) the section 1231 losses, over
(B) the section 1231 gains.
Source
- 1994–present26 U.S.C. § 1231Internal Revenue Code · Property used in the trade or business and involuntary conversions · for purposes of this section