Ordering rules
(A) Reductions made after determination of tax for year
(A)Reductions made after determination of tax for year#
The reductions described in paragraph (2) shall be made after the determination of the tax imposed by this chapter for the taxable year of the discharge.
(B)Reductions under subparagraph (A) or (D) of paragraph (2)#
The reductions described in subparagraph (A) or (D) of paragraph (2) (as the case may be) shall be made first in the loss for the taxable year of the discharge and then in the carryovers to such taxable year in the order of the taxable years from which each such carryover arose.
(C)Reductions under subparagraphs (B) and (G) of paragraph (2)#
The reductions described in subparagraphs (B) and (G) of paragraph (2) shall be made in the order in which carryovers are taken into account under this chapter for the taxable year of the discharge.