### Question
How does NORMAL TAXES AND SURTAXES define debt financed portfolio stock?


### Answer
Under *26 U.S.C. § 246A*, **debt financed portfolio stock** is defined as:

> 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**

