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us/statute/26/172/c — Net operating loss defined · Axiom

Net operating loss defined

2 rules

For purposes of this section, the term “net operating loss” means the excess of the deductions allowed by this chapter over the gross income. Such excess shall be computed with the modifications specified in subsection (d).

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Encodings · 2

net_operating_loss26 USC § 172 (c) · derived

26 USC 172(c)

name: net_operating_loss
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 172(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/172
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us/statute/26/172
versions:
  - effective_from: '1990-01-01'
    formula: |-
      max(
          0,
          deductions_allowed_by_this_chapter_after_subsection_d_modifications
          - gross_income
      )

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deduction_capacity_before_net_operating_loss26 USC § 172 (c) · derived

26 USC 172(c)

name: deduction_capacity_before_net_operating_loss
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 172(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us/statute/26/172
versions:
  - effective_from: '1990-01-01'
    formula: |-
      max(
          0,
          gross_income
          - deductions_allowed_by_this_chapter_before_candidate_deduction_after_subsection_d_modifications
      )

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statutes/26/172/c.yaml

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