### Question
Can you define what post-October specified loss means?


### Answer
**Post-October specified loss** is defined as the following in *26 U.S.C. § 852*:

> the excess (if any) of—



(i) the specified losses (as defined in section 4982(e)(5)(B)(ii)) attributable to the portion of the taxable year after October 31, over



(ii) the specified gains (as defined in section 4982(e)(5)(B)(i)) 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**

