tested loss
Defined in 1 place of the United States Code.
The term "tested loss" means, with respect to any controlled foreign corporation for any taxable year of such controlled foreign corporation, the excess (if any) of the amount described in subparagraph (A)(ii) over the amount described in subparagraph (A)(i).
Source
- 2017–present26 U.S.C. § 951AInternal Revenue Code · Net CFC tested income included in gross income of United States shareholders · for purposes of this section