### Question
How does NORMAL TAXES AND SURTAXES define old loss corporation?


### Answer
Under *26 U.S.C. § 382*, **old loss corporation** is defined as:

> any corporation—



(A) with respect to which there is an ownership change, and



(B) which (before the ownership change) was 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**

