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Thursday, January 09, 2020 6:31:45 PM
The NOLS will always be able to be utilized with the existing company(non change of control/merger) providing revenues.....and when said company starts making some nice txable profit(positive)..those NOLS can be utilized. They have to start using them now...as well..:
Federal net operating losses generated prior to January 1, 2018, amounting to $33.5 million, and may be offset against future taxable income, subject to limitation under IRC Section 382, which begin to expire in 2022 if not utilized prior to that date,
So.....yes..they do. :)
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