20 CRR-NY 3-8.6NY-CRR
20 CRR-NY 3-8.6
20 CRR-NY 3-8.6
3-8.6 Foreign expropriation losses.
A foreign expropriation loss sustained in a taxable year beginning on or after January 1, 1961 may be carried as a net operating loss deduction to each of the 10 taxable years following the taxable year in which the loss occurred provided such loss is allowed as a net operating loss deduction in each of the 10 taxable years following the taxable year of such loss for Federal income tax purposes.
20 CRR-NY 3-8.6
Current through February 28, 2023
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