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Re: Brucebannerr post# 83983

Thursday, 09/12/2019 7:23:16 PM

Thursday, September 12, 2019 7:23:16 PM

Post# of 147746
Must have missed that explanation...
Bahahah

Missed some crucial parts to understanding NOL's... Like always

Anyways, know anything about section 382 during corporate bankruptcy???

NAH

"Section 382 was enacted to prevent corporations from trafficking in NOLs and sets forth limitations on the use of NOLs and other tax attributes when a corporation undergoes an “ownership change.” The definition of an ownership change is a change in stock ownership that results in a more than 50% increase in stock ownership (by value) by 5% shareholders (or shareholder groups) over a three-year period. An ownership change may occur through the sale or exchange of stock by a shareholder or through the issuance or redemption of stock by the company."
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