### Question
How does the law define group loss item?


### Answer
Under *26 U.S.C. § 1503*, **group loss item** is defined as:

> any of the following items of any other member of the affiliated group which includes the subsidiary:



(i) Any net operating loss and any net operating loss carryover or carryback under section 172

#### Citation:
  - *26 U.S.C. § 1503*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 6-CONSOLIDATED RETURNS > Subchapter A-Returns and Payment of Tax**

