### Question
How is the "recognition period taxable year" defined?


### Answer
The term **recognition period taxable year** is defined in *26 U.S.C. § 382* as follows -

> 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**

