Allocation rule. If an S corpora- tion’s pre-limitation amount for any taxable year exceeds its net recognized built-in gain for that year, the S cor- poration’s net recognized built-in gain consists of a ratable portion of each item of income, gain, loss, and deduc- tion included in the pre-limitation amount.
Appears in 7 contracts
Samples: Supplemental Contract, Publishing Agreement, Supplemental Contract
