Mr Cooper Group Inc (COOP)

[rainbow1111]

That is not correct zeus. The nol is deducted from the income for the year, then the result is multiplied by the tax rate, 35% for simplicity. In this example, the NOL can be used in 1 year.

Taxable income before NOL 15 million
NOL carryover -10 million
Taxable income after NOL 5 million
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Carrying this further:
Tax on 15 million would be 5.25 million
Tax on 5 million would be -1.75 million
Tax savings due to NOL 3.5 million

Value of 10 million nol is 3.5 million (10 million x 35%)
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Dont' be stubborn. I'm right on this one. LOL