net capital loss

The term “net capital loss” means the excess of the losses from sales or exchanges of capital assets over the sum allowed under section 1211. In the case of a corporation, for the purpose of determining losses under this paragraph, amounts which are short-term capital losses under section 1212(a)(1) shall be excluded.

Source

26 USC § 1222(10)

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Scoping language

None identified, default scope is assumed to be the parent (part III) of this section.

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