Special rule for companies determining required capital gain distributions on taxable year basis
In the case of a company to which an election under section 4982(e)(4) applies—
(i)#
if such company’s taxable year ends with the month of November, the amount of qualified late-year losses (if any) shall be computed without regard to any income, gain, or loss described in subparagraphs (C) and (E), and
(ii)#
if such company’s taxable year ends with the month of December, subparagraph (A) shall not apply.