26 CFR 1.584-6
§ 1.584-6 Net operating loss deduction.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 1.584-6, § 1.584-6 Net operating loss deduction, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/110472
- Permanent ID
ys:prov:110472@1- SHA-256
977958ad5a135f969fbe6f308dcb5a35d08df04572f0274fae94df4ee81ad723
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The net operating loss deduction is not allowed to a common trust fund. Each participant in a common trust fund, however, will be allowed the benefits of such deduction. In the computation of such deduction, a participant in a common trust fund shall take into account its pro rata share of items of income, gain, loss, deduction, or credit of the common trust fund. The character of any such item shall be determined as if the participant had realized such item directly from the source from which realized by the common trust fund, or incurred such item in the same manner as incurred by the common trust fund.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.