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Friday, June 16, 2017 8:51:06 PM
We also have a carry-forward loss of $14,467,660 that can be applied to future profits/possible sale and not pay taxes
A tax loss carryforward is a tax policy that allows an investor to use realized capital losses to offset the taxation of capital gains in future years. When an asset is sold for a gain, the tax code refers to the transaction as a capital gain.[/quote]
http://www.investopedia.com/terms/t/tax-loss-carryforward.asp?lgl=myfinance-layout-no-ads
I pretend to know more than I do
Only a fool would actually believe anything I post.
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