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Re: alternatepatel post# 28835

Thursday, 06/05/2014 1:38:43 PM

Thursday, June 05, 2014 1:38:43 PM

Post# of 426566
Positive. A tax loss carryforward takes place where a business reports losses on a tax return. The logic behind this is to reduce tax liability during a year where the profits are positive if losses were previously. The tax loss carryforward reduces the overall tax liability during the positive year by incorporating the earlier loss as a reduction to taxable income.

So they could use it in 2015 ...
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