### Question
How is the term old loss corporation defined?


### Answer
The term **old loss corporation** is defined in *26 U.S.C. § 382* as the following:

> any corporation—


(A) with respect to which there is an ownership change, and


(B) which (before the ownership change) was a loss corporation

#### 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**

