cumulative United States amount

(2) Cumulative amounts defined For purposes of paragraph (1)— (A) Cumulative United States amount The term “cumulative United States amount” means the aggregate amount determined with respect to the plan under this section for the taxable year and for all prior taxable years to which this section applies. Such determination shall be made for each taxable year without regard to the application of paragraph (1). (B) Cumulative foreign amount The term “cumulative foreign amount” means the aggregate amount allowed as a deduction under the appropriate foreign tax laws for the taxable year and all prior taxable years to which this section applies.

Source

26 USC § 404A(d)(2)

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Scoping language

None identified, default scope is assumed to be the parent (subpart A) of this section.

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