Plandai Biotechnology Inc (PLPL)

[jufel]

Some take aways:

#KEY TAKEAWAYS
A net operating loss exists if a company’s deductions exceed taxable income.
An NOL can benefit a company by reducing taxable income in future tax years.
The Tax Cuts and Jobs Act (TCJA) made significant changes to NOL rules.
NOLs may now be carried forward indefinitely until the loss is fully recovered, but they are limited to 80% of the taxable income in any one tax period.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act removed the restrictions on tax loss carryback for tax years 2018, 2019, and 2020.

Net operating losses in 2021 or later may not be carried back and must be carried forward indefinitely."

https://www.investopedia.com/terms/n/netoperatingloss.asp