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Re: mellowbird post# 58220

Thursday, 07/16/2015 5:10:50 PM

Thursday, July 16, 2015 5:10:50 PM

Post# of 111181
Look into the insolvency, the COD income is completely excluded while the debaters filed bankruptcy. Of course, it will trigger the tax attributes. It will trade the "current" income to against NOL "carryover".

I may be wrong. Trading the current income means the income after out of bankruptcy, and against carryover means year after year