Treasury Regulations · 26 CFR
§ 1.584-6. Net operating loss deduction.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Regulation under 26 U.S.C. § 584
Cite as 26 CFR § 1.584-6
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Source
- T.D. 6500, 25 FR 11402, Nov. 26, 1960; 25 FR 14021, Dec. 21, 1960; T.D. 9989, 89 FR 17606, Mar. 11, 2024, unless otherwise noted.
- Issued under
- 26 U.S.C. § 584
- Length
- 108 words · about 1 min to read
The net operating loss deduction is not allowed to a common trust fund. Each participant in a common trust fund, however, will be allowed the benefits of such deduction. In the computation of such deduction, a participant in a common trust fund shall take into account its pro rata share of items of income, gain, loss, deduction, or credit of the common trust fund. The character of any such item shall be determined as if the participant had realized such item directly from the source from which realized by the common trust fund, or incurred such item in the same manner as incurred by the common trust fund.
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Banking Institutions
Nearby sections
- § 1.584-2 Income of participants in common trust fund.
- § 1.584-3 Computation of common trust fund income.
- § 1.584-4 Admission and withdrawal of participants in the common trust fund.
- § 1.584-5 Returns of banks with respect to common trust funds.
- § 1.584-6 Net operating loss deduction.
- § 1.585-1 Reserve for losses on loans of banks.
- § 1.585-2 Addition to reserve.
- § 1.585-3 Special rules.
- § 1.585-4 Reorganizations and asset acquisitions.