Sec. 1.1402(a)-7 Net operating loss deduction.
The deduction provided by section
172, relating to net operating losses sustained in years other than the taxable year, is excluded.
[Adopted by T.D. 6196, 21 FR 6059, Aug. 14, 1956. Revised by T.D. 6691, 28 FR 12796, Dec. 3, 1963]