1. Regulations
  2. title 26
  3. chapter I-i13
  4. part 1
  5. subjgrp 1
  6. § 1.1402a-7

View all text of Subjgrp 1 [§ 1.1401-1 - § 1.1403-1]

§ 1.1402(a)-7 - Net operating loss deduction.

The deduction provided by section 172, relating to net operating losses sustained in years other than the taxable year, is excluded.

AUTHORITY: 26 U.S.C. 7805, unless otherwise noted.

SOURCE: Sections 1.1401-1 through 1.1403-1 contained in T.D. 6691, 28 FR 12796, Dec. 3, 1963, unless otherwise noted.

CITE AS: 26 CFR 1.1402