MAIN POT

By SovConn | June 3, 2013

main pot.Tax. A step in evaluating tax liability in which qualified transactions are compared to determine whether a net gain or loss has occurred. IRC (26 USCA) § 1231. — Also termed big pot; hotchpot; hodgepodge. Cf. CASUALTY POT.

[Blacks Law 8th]

Posted in Law Dictionary Definitions