### Question
How is the "aggregate gross assets" defined?


### Answer
The term **aggregate gross assets** is defined in *26 U.S.C. § 1202* as follows -

> the amount of cash and the aggregate adjusted bases of other property held by the corporation

#### Citation:
  - *26 U.S.C. § 1202*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter P-Capital Gains and Losses > PART I-TREATMENT OF CAPITAL GAINS**

