Minnesota § 290.0136 - CERTAIN PREFERRED STOCK LOSSES
Full text of Minnesota Minnesota Statutes § 290.0136 — CERTAIN PREFERRED STOCK LOSSES, with citation guidance and answers to common questions.
§ 290.0136. CERTAIN PREFERRED STOCK LOSSES
A taxpayer must compute net income by treating losses from the sale or transfer of certain preferred stock, which the taxpayer treated as ordinary losses pursuant to Division A, title III, section 301 of Public Law 110-343, as capital losses. The amount of net income under section 290.01, subdivision 19; taxable net income under section 290.01, subdivision 22; taxable income under section 290.01, subdivision 29; the numerator and denominator in section 290.06, subdivision 2c, paragraph (e); individual alternative minimum taxable income under section 290.091, subdivision 2; corporate alternative minimum taxable income under section 290.0921, subdivision 3; and net operating losses under section 290.095 must be computed for each taxable year as if those losses had been treated by the taxpayer as capital losses under the Internal Revenue Code, including the limitations under section 1211 of the Internal Revenue Code.
History:
2009 c 12 art 1 s 6; 2016 c 158 art 3 s 31
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 290.0136
What does Minnesota Statutes § 290.0136 cover?
Section 290.0136 ("CERTAIN PREFERRED STOCK LOSSES") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 290.0136?
A common citation format is "Minnesota Statutes § 290.0136" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 290.0136 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.