Source: https://law.justia.com/codes/us/2015/title-26/subtitle-a/chapter-1/subchapter-b/part-vi/sec.-172/
Timestamp: 2020-03-29 09:34:32
Document Index: 491506610

Matched Legal Cases: ['§ 172', '§14', '§203', '§1', '§7', '§317', '§210', '§3', '§431', '§2', '§806', '§1052', '§1606', '§1901', '§2126', '§102', '§371', '§601', '§701', '§103', '§1', '§207', '§5', '§102', '§91', '§491', '§722', '§104', '§301', '§901', '§1303', '§1899', '§1003', '§7211', '§11324', '§13113', '§1702', '§1082', '§2013', '§3004', '§4003', '§102', '§417', '§403', '§1311', '§402', '§706', '§1211', '§13', '§211', '§ 172', '§172', '§14', '§203', '§1', '§7', '§317', '§210', '§3', '§431', '§2', '§806', '§1052', '§1606', '§1901', '§2126', '§102', '§371', '§601', '§701', '§103', '§1', '§207', '§5', '§102', '§91', '§491', '§722', '§104', '§301', '§901', '§1303', '§1899', '§1003', '§7211', '§11324', '§13113', '§1702', '§1082', '§2013', '§3004', '§4003', '§102', '§417', '§403', '§1311', '§402', '§706', '§1211', '§13', '§211', '§221', '§1', '§2']

26 U.S.C. § 172 (2015) - Net operating loss deduction :: Title 26 - Internal Revenue Code (Sections 1 - 9834) - US Code :: Justia
Justia US Law US Codes and Statutes US Code 2015 US Code Title 26 - Internal Revenue Code (Sections 1 - 9834) Subtitle A - Income Taxes (Sections 1 - 1564) Chapter 1 - Normal Taxes and Surtaxes (Sections 1 - 1400U-3) Subchapter B - Computation of Taxable Income (Sections 61 - 291) Part VI - Itemized Deductions for Individuals and Corporations (Sections 161 - 199) Sec. 172 - Net operating loss deduction
Source Credit Aug. 16, 1954, ch. 736, 68A Stat. 63; Pub. L. 85-866, title I, §§14(a), (b), 64(b), title II, §203(a), (b), Sept. 2, 1958, 72 Stat. 1611, 1656, 1678; Pub. L. 87-710, §1, Sept. 27, 1962, 76 Stat. 648; Pub. L. 87-792, §7(f), Oct. 10, 1962, 76 Stat. 829; Pub. L. 87-794, title III, §317(b), Oct. 11, 1962, 76 Stat. 889; Pub. L. 88-272, title II, §§210(a), (b), 234(b)(5), Feb. 26, 1964, 78 Stat. 47, 48, 115; Pub. L. 90-225, §3(a), Dec. 27, 1967, 81 Stat. 732; Pub. L. 91-172, title IV, §431(b), Dec. 30, 1969, 83 Stat. 619; Pub. L. 91-677, §2(a)-(c), Jan. 12, 1971, 84 Stat. 2061; Pub. L. 94-455, title VIII, §806(a)-(c), title X, §1052(c)(3), title XVI, §1606(b), (c), title XIX, §§1901(a)(29), 1906(b)(13)(A), title XXI, §2126, Oct. 4, 1976, 90 Stat. 1598, 1648, 1755, 1756, 1769, 1834, 1920; Pub. L. 95-30, title I, §102(b)(2), May 23, 1977, 91 Stat. 137; Pub. L. 95-600, title III, §371(a), (b), title VI, §601(b)(1), title VII, §§701(d)(1), 703(p)(1), Nov. 6, 1978, 92 Stat. 2859, 2896, 2900, 2943; Pub. L. 96-222, title I, §§103(a)(15), 106(a)(1), (6), (7), Apr. 1, 1980, 94 Stat. 214, 221; Pub. L. 96-595, §1(a), Dec. 24, 1980, 94 Stat. 3464; Pub. L. 97-34, title II, §207(a), Aug. 13, 1981, 95 Stat. 225; Pub. L. 97-354, §5(a)(22), Oct. 19, 1982, 96 Stat. 1694; Pub. L. 97-362, title I, §102(a)-(c), Oct. 25, 1982, 96 Stat. 1727, 1728; Pub. L. 98-369, div. A, title I, §§91(d), 177(c), title IV, §491(d)(5), title VII, §722(a)(4), July 18, 1984, 98 Stat. 606, 710, 849, 973; Pub. L. 99-514, title I, §104(b)(4), title III, §301(b)(3), title IX, §§901(d)(4)(B), 903(a), (b), title XIII, §1303(b)(1), (2), title XVIII, §1899A(6), Oct. 22, 1986, 100 Stat. 2105, 2217, 2380, 2383, 2658, 2958; Pub. L. 100-647, title I, §§1003(a)(1), 1009(c), Nov. 10, 1988, 102 Stat. 3382, 3449; Pub. L. 101-239, title VII, §7211(a), (b), Dec. 19, 1989, 103 Stat. 2342, 2343; Pub. L. 101-508, title XI, §§11324(a), 11701(d), 11704(a)(2), 11811(a)-(b)(2)(A), (3), (4), Nov. 5, 1990, 104 Stat. 1388-465, 1388-507, 1388-518, 1388-530, 1388-532 to 1388-534; Pub. L. 103-66, title XIII, §13113(d)(1), Aug. 10, 1993, 107 Stat. 429; Pub. L. 104-188, title I, §§1702(h)(2), (16), 1704(t)(5), (30), Aug. 20, 1996, 110 Stat. 1873, 1874, 1887, 1889; Pub. L. 105-34, title X, §1082(a), (b), Aug. 5, 1997, 111 Stat. 950; Pub. L. 105-277, div. J, title II, §2013(a)-(c), title III, §3004(a), title IV, §§4003(h), 4004(a), Oct. 21, 1998, 112 Stat. 2681-902, 2681-905, 2681-910; Pub. L. 107-147, title I, §102(a), (b), title IV, §417(8), Mar. 9, 2002, 116 Stat. 25, 56; Pub. L. 108-311, title IV, §403(b)(1), Oct. 4, 2004, 118 Stat. 1187; Pub. L. 109-58, title XIII, §1311, Aug. 8, 2005, 119 Stat. 1009; Pub. L. 109-135, title IV, §§402(f), 403(a)(17), Dec. 21, 2005, 119 Stat. 2611, 2619; Pub. L. 110-343, div. C, title VII, §§706(a)(2)(D)(v), (vi), 708(a), (b), (d), Oct. 3, 2008, 122 Stat. 3922, 3924, 3925; Pub. L. 111-5, div. B, title I, §1211(a), (b), Feb. 17, 2009, 123 Stat. 335, 336; Pub. L. 111-92, §13(a), Nov. 6, 2009, 123 Stat. 2992; Pub. L. 113-295, div. A, title II, §§211(c)(1)(B), 221(a)(30)(A), (B), (41)(B), Dec. 19, 2014, 128 Stat. 4033, 4041, 4044.
128 Stat. 4033, 4041, 4044
Public and Private Laws Public Law 85-866, Public Law 87-710, Public Law 87-792, Public Law 87-794, Public Law 88-272, Public Law 90-225, Public Law 91-172, Public Law 91-677, Public Law 94-455, Public Law 95-30, Public Law 95-600, Public Law 96-222, Public Law 96-595, Public Law 97-34, Public Law 97-354, Public Law 97-362, Public Law 97-448, Public Law 98-369, Public Law 99-514, Public Law 100-647, Public Law 101-239, Public Law 101-508, Public Law 103-66, Public Law 104-188, Public Law 104-208, Public Law 105-34, Public Law 105-134, Public Law 105-178, Public Law 105-206, Public Law 105-277, Public Law 107-147, Public Law 108-311, Public Law 108-357, Public Law 109-58, Public Law 109-135, Public Law 110-343, Public Law 111-5, Public Law 111-92, Public Law 113-295
26 U.S.C. § 172 (2015)
§172. Net operating loss deduction(a) Deduction allowed
(b) Net operating loss carrybacks and carryovers(1) Years to which loss may be carried(A) General rule
(B) Special rules for REIT's(i) In general
(D) Excess interest loss(i) In general
For purposes of clause (i), the term "applicable corporation" means—
(E) Retention of 3-year carryback in certain cases(i) In general
For purposes of clause (i), the term "eligible loss" means—
The entire amount of the net operating loss for any taxable year (hereinafter in this section referred to as the "loss year") shall be carried to the earliest of the taxable years to which (by reason of paragraph (1)) such loss may be carried. The portion of such loss which shall be carried to each of the other taxable years shall be the excess, if any, of the amount of such loss over the sum of the taxable income for each of the prior taxable years to which such loss may be carried. For purposes of the preceding sentence, the taxable income for any such prior taxable year shall be computed—
The term "product liability" means—
The term "corporate equity reduction interest loss" means, with respect to any loss limitation year, the excess (if any) of—
(2) Allocable interest deductions(A) In general
(3) Corporate equity reduction transaction(A) In general
The term "corporate equity reduction transaction" means—
(B) Major stock acquisition(i) In general
The term "excess distribution" means the excess (if any) of—
(4) Other rules(A) Ordering rule
The term "farming loss" means the lesser of—
(Aug. 16, 1954, ch. 736, 68A Stat. 63; Pub. L. 85–866, title I, §§14(a), (b), 64(b), title II, §203(a), (b), Sept. 2, 1958, 72 Stat. 1611, 1656, 1678; Pub. L. 87–710, §1, Sept. 27, 1962, 76 Stat. 648; Pub. L. 87–792, §7(f), Oct. 10, 1962, 76 Stat. 829; Pub. L. 87–794, title III, §317(b), Oct. 11, 1962, 76 Stat. 889; Pub. L. 88–272, title II, §§210(a), (b), 234(b)(5), Feb. 26, 1964, 78 Stat. 47, 48, 115; Pub. L. 90–225, §3(a), Dec. 27, 1967, 81 Stat. 732; Pub. L. 91–172, title IV, §431(b), Dec. 30, 1969, 83 Stat. 619; Pub. L. 91–677, §2(a)–(c), Jan. 12, 1971, 84 Stat. 2061; Pub. L. 94–455, title VIII, §806(a)–(c), title X, §1052(c)(3), title XVI, §1606(b), (c), title XIX, §§1901(a)(29), 1906(b)(13)(A), title XXI, §2126, Oct. 4, 1976, 90 Stat. 1598, 1648, 1755, 1756, 1769, 1834, 1920; Pub. L. 95–30, title I, §102(b)(2), May 23, 1977, 91 Stat. 137; Pub. L. 95–600, title III, §371(a), (b), title VI, §601(b)(1), title VII, §§701(d)(1), 703(p)(1), Nov. 6, 1978, 92 Stat. 2859, 2896, 2900, 2943; Pub. L. 96–222, title I, §§103(a)(15), 106(a)(1), (6), (7), Apr. 1, 1980, 94 Stat. 214, 221; Pub. L. 96–595, §1(a), Dec. 24, 1980, 94 Stat. 3464; Pub. L. 97–34, title II, §207(a), Aug. 13, 1981, 95 Stat. 225; Pub. L. 97–354, §5(a)(22), Oct. 19, 1982, 96 Stat. 1694; Pub. L. 97–362, title I, §102(a)–(c), Oct. 25, 1982, 96 Stat. 1727, 1728; Pub. L. 98–369, div. A, title I, §§91(d), 177(c), title IV, §491(d)(5), title VII, §722(a)(4), July 18, 1984, 98 Stat. 606, 710, 849, 973; Pub. L. 99–514, title I, §104(b)(4), title III, §301(b)(3), title IX, §§901(d)(4)(B), 903(a), (b), title XIII, §1303(b)(1), (2), title XVIII, §1899A(6), Oct. 22, 1986, 100 Stat. 2105, 2217, 2380, 2383, 2658, 2958; Pub. L. 100–647, title I, §§1003(a)(1), 1009(c), Nov. 10, 1988, 102 Stat. 3382, 3449; Pub. L. 101–239, title VII, §7211(a), (b), Dec. 19, 1989, 103 Stat. 2342, 2343; Pub. L. 101–508, title XI, §§11324(a), 11701(d), 11704(a)(2), 11811(a)–(b)(2)(A), (3), (4), Nov. 5, 1990, 104 Stat. 1388–465, 1388-507, 1388-518, 1388-530, 1388-532 to 1388-534; Pub. L. 103–66, title XIII, §13113(d)(1), Aug. 10, 1993, 107 Stat. 429; Pub. L. 104–188, title I, §§1702(h)(2), (16), 1704(t)(5), (30), Aug. 20, 1996, 110 Stat. 1873, 1874, 1887, 1889; Pub. L. 105–34, title X, §1082(a), (b), Aug. 5, 1997, 111 Stat. 950; Pub. L. 105–277, div. J, title II, §2013(a)–(c), title III, §3004(a), title IV, §§4003(h), 4004(a), Oct. 21, 1998, 112 Stat. 2681–902, 2681-905, 2681-910; Pub. L. 107–147, title I, §102(a), (b), title IV, §417(8), Mar. 9, 2002, 116 Stat. 25, 56; Pub. L. 108–311, title IV, §403(b)(1), Oct. 4, 2004, 118 Stat. 1187; Pub. L. 109–58, title XIII, §1311, Aug. 8, 2005, 119 Stat. 1009; Pub. L. 109–135, title IV, §§402(f), 403(a)(17), Dec. 21, 2005, 119 Stat. 2611, 2619; Pub. L. 110–343, div. C, title VII, §§706(a)(2)(D)(v), (vi), 708(a), (b), (d), Oct. 3, 2008, 122 Stat. 3922, 3924, 3925; Pub. L. 111–5, div. B, title I, §1211(a), (b), Feb. 17, 2009, 123 Stat. 335, 336; Pub. L. 111–92, §13(a), Nov. 6, 2009, 123 Stat. 2992; Pub. L. 113–295, div. A, title II, §§211(c)(1)(B), 221(a)(30)(A), (B), (41)(B), Dec. 19, 2014, 128 Stat. 4033, 4041, 4044.)
Subsection (h), referred to in subsec. (b)(1)(D)(iv), was redesignated subsec. (g) by Pub. L. 113–295, div. A, title II, §221(a)(30)(A)(ii), Dec. 19, 2014, 128 Stat. 4041.
Pub. L. 96–595, §1(b), Dec. 24, 1980, 94 Stat. 3464, as amended by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095, provided that: "The amendment made by subsection (a) [amending this section] shall apply to the determination of the net operating loss deduction for taxable years ending after October 4, 1976. For purposes of applying the preceding sentence to any net operating loss for a taxable year which is not a REIT year and which ends on or before October 4, 1976, subclause (II) of [former] section 172(b)(1)(E)(ii) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] shall be applied by substituting "the number of REIT years to which such loss was a net operating loss carryback" for "the number of taxable years to which such loss may not be a net operating loss carryback by reason of subclause (I)". In the case of a net operating loss for a taxable year described in the preceding sentence, subclause (II) of [former] section 172(b)(1)(E)(ii) of such Code shall not apply to any taxpayer which acted so as to cause it to cease to qualify as a "real estate investment trust" within the meaning of section 856 of such Code if the principal purpose for such action was to secure the benefit of the allowance of a net operating loss carryover under section 172(b)(1)(B) of such Code."