### Question
How does Corporate Distributions and Adjustments define recognition period taxable year?


### Answer
Under *26 U.S.C. § 382*, **recognition period taxable year** is defined as:

> any taxable year any portion of which is in the recognition period

#### 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**

