Tax attributes affected; order of reduction

Any net operating loss for the taxable year of the discharge, and any net operating loss carryover to such taxable year.

Any carryover to or from the taxable year of a discharge of an amount for purposes for determining the amount allowable as a credit under section 38 (relating to general business credit).

The amount of the minimum tax credit available under section 53(b) as of the beginning of the taxable year immediately following the taxable year of the discharge.

Any net capital loss for the taxable year of the discharge, and any capital loss carryover to such taxable year under section 1212.

(i) In general The basis of the property of the taxpayer.

(ii) Cross reference For provisions for making the reduction described in clause (i), see section 1017.

Any passive activity loss or credit carryover of the taxpayer under section 469(b) from the taxable year of the discharge.