### Question
Can you define what loss corporation means?


### Answer
**Loss corporation** is defined as the following in *26 U.S.C. § 382*:

> a corporation entitled to use a net operating loss carryover or having a net operating loss for the taxable year in which the ownership change occurs

#### 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**

