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RNsidersbuying

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RNsidersbuying

Re: DiscoveryStock post# 2035

Wednesday, 02/03/2016 8:32:06 AM

Wednesday, February 03, 2016 8:32:06 AM

Post# of 2109
An example: ABC Corp loses $10M in 2015 and gains $10M in 2016 - then the loss would carryover to eliminate the gain for tax purposes. The $10M gain in 2016 would be tax free (approx. $3M tax on $10M profit) using the previous $10M loss as a wash. APPY maintains $102M possible future tax writeoffs on any future profits.

Maybe a poster with more accounting knowledge could expand on my rough numbers?
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