Foreign Expropriation Capital Loss

Foreign Expropriation Capital Loss means:
the sum of the capital losses sustained by reason of the expropriation, intervention, seizure, or similar taking of property by a government of any foreign country, any political subdivision, or any agency or instrumentality of such a government unit. A foreign expropriation capital loss may be carried forward for 10 years, but no carryback is permitted. Former IRC (check if this IRC provision is current here) §1212(aX2)(A).