NOLs can be absorbed up the ladder and disappear in one big tax loss offset on 2017.
I did this with the wife's grandmothers house that she was delinquent on of 7 years back taxes. The wife and my Company bought her home just to get the bill liability, pay off the property and granny lives free the rest of her life. Off set our gains for that one year. Works! Got one Uncle pisssed, but he didn't offer any solutions. Wish I could find another. We got $45k to pay taxes on. Wish I donated all my dead stocks to the church. LOL
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