### Question
How is the "new loss corporation" defined?


### Answer
The term **new loss corporation** is defined in *26 U.S.C. § 382* as follows -

> a corporation which (after an ownership change) is a loss corporation

#### Citation:
  - *26 U.S.C. § 382*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter C-Corporate Distributions and Adjustments > PART V-CARRYOVERS**

