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Time2Surf

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Re: buccaneer1961 post# 3224

Friday, 03/25/2016 9:22:26 PM

Friday, March 25, 2016 9:22:26 PM

Post# of 15218
NOL or Net Operating Loss is a carryover from a previous company that is no longer open from this Business transfer.

Essentially this means they do not pay the corporate tax until this carry over loss is met in full. This works just like a loss of money on stocks on how you carry it over to the next year. The loss reduces the profit only for tax benefit.

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Total Trades:
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  • 1M
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  • 6M
  • 1Y
  • 5Y
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