### Question
How is the term post-December ordinary loss defined?


### Answer
The term **post-December ordinary loss** is defined in *26 U.S.C. § 852* as the following:

> the excess (if any) of—



(i) the ordinary losses not described in subparagraph (E)(i) and attributable to the portion of the taxable year after December 31, over



(ii) the ordinary income not described in subparagraph (E)(ii) and attributable to such portion of the taxable year

#### Citation:
  - *26 U.S.C. § 852*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter M-Regulated Investment Companies and Real Estate Investment Trusts > PART I-REGULATED INVESTMENT COMPANIES**

