### Question
How does the law define new loss corporation?


### Answer
Under *26 U.S.C. § 382*, **new loss corporation** is defined as:

> a corporation which (after an ownership change) is 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**

