(A)The term “excess business loss” means the excess (if any) of— (i)the aggregate deductions of the taxpayer for the taxable year which are attributable to trades or businesses of such taxpayer (determined without regard to whether or not such deductions are disallowed for such taxable year under paragraph (1)), over (ii)the sum of— (I)the aggregate gross income or gain of such taxpayer for the taxable year which is attributable to such trades or businesses, plus (II)$250,000 (200 percent of such amount in the case of a joint return). (B)In the case of any taxable year beginning after, the $250,000 amount in subparagraph (A)(ii)(II) shall be increased by an amount equal to— (i)such dollar amount, multiplied by (ii)the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting “2017” for “2016” in subparagraph (A)(ii) thereof.


26 USC § 461(l)(3)(A)

Scoping language

None: Default is title Scope
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