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New York Codes Rules Regulations (Last Updated: March 27,2024) |
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TITLE 20. Department of Taxation and Finance |
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Chapter I. Franchise and Certain Business Taxes |
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Subchapter A. Business Corporation Franchise Tax |
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Part 3. Methods of Computing Tax |
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Subpart 3-7. Capital Loss |
Sec. 3-7.4. Regulated investment companies
Latest version.
- Generally, regulated investment companies will only be allowed a capital loss carry forward. Regulated investment companies will not be allowed a capital loss carry back unless a capital loss carry back is allowed for Federal income tax purposes.