Loss Year definition

Loss Year means the year in which the Effective Date occurs.

Loss Year has the meaning specified in Section 6.1(a)(i).

Loss Year means a fiscal year in which a loss had occurred or for which a loss carryforward shall apply.

Examples of Loss Year in a sentence

• Neither Xcel nor any of its Affiliates shall claim the Worthless Stock Deduction for any year before the Loss Year.

• For federal income tax purposes, after the Effective Date Xcel or its Affiliates shall claim the Worthless Stock Deduction for the Loss Year.

• Adjusted Gross Income Modification for Loss Year Enter figures from the loss year’s return.

• Enter all those losses in column 670 to establish the continuity of losses.ReferencesSubsection 96(2.1)IT-232, Losses – Their Deductibility in the Loss Year or in Other Years Limited partnership losses from prior tax years that may be applied in the current yearComplete this part if you want to apply limited partnership losses from previous years to reduce any kind of income in the current year.

• Do not file an amended return for the year to which you apply the loss.For more information about non-capital losses, see the latest archived Interpretation Bulletin IT-232R3, Losses – Their Deductibility in the Loss Year or in Other Years.

More Definitions of Loss Year

Loss Year means the year in which an NOL occurred.

Loss Year means the calendar year in which an economic loss occurs and for which

Loss Year means, in respect of jurisdiction for which the Filing Constituent Entity has made an election under subsections 165(16) to (19), a Financial Year in the Look-back Period for which there is a Net Asset Loss for a Constituent Entity located in that jurisdiction and the total amount of Net Asset Loss of all such Constituent Entities exceeds the total amount of their Net Asset Gain;

Loss Year means the initial taxable year in which there occurs a federal net operating loss (NOL) that can be carried back or carried forward in whole or in part to another taxable year.

Loss Year has the meaning ascribed to it in Section 11.03.

Loss Year means a fiscal year of the Corporation in which the "annual net earnings per share" (as defined in paragraph 4(b) of the Agreement) shall be a negative number.

Loss Year means any year during the Term during which there is a Net Loss. “Modified GAAP” means United States Generally Accepted Accounting Principles (“GAAP”), modified to reflect conventions adopted by DBAG in the ordinary course of preparing the financial statements of DBNY.