An example: ABC Corp loses $10M in 2015 and gains $10M in 2016 - then the loss would carryover to eliminate the gain for tax purposes. The $10M gain in 2016 would be tax free (approx. $3M tax on $10M profit) using the previous $10M loss as a wash. APPY maintains $102M possible future tax writeoffs on any future profits.
Maybe a poster with more accounting knowledge could expand on my rough numbers?
News 
Market Data 
Discover 
