nonrecaptured capital gains deductions
Defined in 1 place of the United States Code.
For purposes of subparagraph (B), the term “nonrecaptured capital gains deductions” means the excess of—
(i) the aggregate amount allowable as a deduction under paragraph (6) for preceding taxable years beginning after July 18, 1984, over
(ii) the aggregate of the reductions under subparagraph (B) for preceding taxable years.
Source
- 1994–present26 U.S.C. § 535Internal Revenue Code · Accumulated taxable income · in this section