### Question
How is the "debt financed portfolio stock" defined?


### Answer
The term **debt financed portfolio stock** is defined in *26 U.S.C. § 246A* as follows -

> any portfolio stock if at some time during the base period there is portfolio indebtedness with respect to such stock

#### Citation:
  - *26 U.S.C. § 246A*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VIII-SPECIAL DEDUCTIONS FOR CORPORATIONS**

