nonseparately computed income or loss
Defined in 1 place of the United States Code.
For purposes of this subchapter, the term “nonseparately computed income or loss” means gross income minus the deductions allowed to the corporation under this chapter, determined by excluding all items described in paragraph (1)(A).
Source
- 1994–present26 U.S.C. § 1366Internal Revenue Code · Pass-thru of items to shareholders · for purposes of this subchapter