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Re: bkshadow post# 458598

Friday, 08/12/2016 10:31:51 AM

Friday, August 12, 2016 10:31:51 AM

Post# of 728046
$8.37B WMB Worthless Stock Loss on...

Ok, then -
From what you reflected the above $ 8.37 was the total usable Tax Loss. This was from a $ 24 B "Realized Investment Loss" on books.

So was the difference - $ 2.4 a "tax refund" applied toward prior tax years, ( $8.37 vs. $ 5.97B )?


This would make sense and WMI followed the accounting regulations of consolidation therefore "deferring worthless stock treatment / abandonment."

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