stock issued means, with respect to any corporation, the aggregate value of stock issued by the corporation during all taxable years ending after December 31, 2017, in exchange for money or property other than stock in such corporation. (III) Certain preferred stock disregarded For purposes of subclause (I), stock described in section 1504(a)(4), and distributions (including redemptions) with respect to such stock, shall be disregarded. (viii) Related person For purposes of clause (vi), a person is a related person to a taxpayer if the related person bears a relationship to the taxpayer specified in section 267(b) or section 707(b)(1). . (d) Advance carryback of estimated net operating losses arising in 2020 (1) In general In the case of a taxable year beginning after December 31, 2019, and before January 1, 2021, a taxpayer may file an application with the Secretary of the Treasury for an advance carryback adjustment of the tax for a prior taxable year that would be affected, by reason of the amendments made by this section, by so much of any net operating loss estimated by the taxpayer to arise in the taxable year to which the application relates as does not exceed $100,000. (2) Application The application shall set forth in such detail and with such supporting data and explanation as the Secretary may require an estimate of the taxpayer’s net operating loss that will arise in such taxable year. (3) Due date for application An application under this subsection may not be filed later than the due date for filing the return for the taxable year of the net operating loss from which the carryback results. (4) Allowance of adjustments Not later than 30 days after the date on which an application for an advance carryback adjustment is filed under paragraph (1), the Secretary shall dispose of such application under rules similar to the rules of section 6411 of the Internal Revenue Code of 1986. (5) Reduction of net operating loss for application year The amount of any net operating loss (determined without regard to