### Question
How does the law define post-December ordinary loss?


### Answer
Under *26 U.S.C. § 852*, **post-December ordinary loss** is defined as:

> the excess (if any) of—


(i) the ordinary losses not described in subparagraph (E)(i) and attributable to the portion of the taxable year after December 31, over


(ii) the ordinary income not described in subparagraph (E)(ii) and attributable to such portion of the taxable year

#### Citation:
  - *26 U.S.C. § 852*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter M-Regulated Investment Companies and Real Estate Investment Trusts > PART I-REGULATED INVESTMENT COMPANIES**

