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Re: rootus99 post# 88639

Tuesday, 04/18/2017 8:23:30 PM

Tuesday, April 18, 2017 8:23:30 PM

Post# of 93815
Yes, to my understanding one restriction is that the same entity must stay open for at least three years after the purchase of it (to get tax losses from the past and apply them against other income).

The IRS doesn't let itself get jammed by people simply buying up and using however they want mounds of past tax losses.

wsj

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