tax-exempt use loss
(1) Tax-exempt use loss The term “tax-exempt use loss” means, with respect to any taxable year, the amount (if any) by which— (A) the sum of— (i) the aggregate deductions (other than interest) directly allocable to a tax-exempt use property, plus (ii) the aggregate deductions for interest properly allocable to such property, exceed (B) the aggregate income from such property.