### Question
How is the "applicable net operating loss" defined?


### Answer
The term **applicable net operating loss** is defined in *26 U.S.C. § 172* as follows -

> the taxpayer's net operating loss for a taxable year ending after December 31, 2007, and beginning before January 1, 2010

#### Citation:
  - *26 U.S.C. § 172*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

