Thanks for the link. With respect to the quote "we concluded that the market is too conservative about the rate at which we'll utilize the DTA, or it's not assigning enough value to zone" Its my understanding that until there is an infusion of value to the escrow holders to restore the old capital ratio the market will not be able to assign enough value as stated in the above quote. This will be the trigger to imply that they are now utilizing the NOL for tax purposes in compliance with the IRS NOL Provisions. Until this happens the tax shield effective rate cannot be determined for valuation purposes.
But for how long or does this only apply to Corps that received stimulus funds???
Does the 80% limitation on taxable income apply to NOLs generated in 2018 through 2020?
The 80% limitation on taxable income only applies to the use of NOLs in taxable years beginning after December 31, 2020. However, only NOL carryovers generated in taxable years beginning after December 31, 2017, are subject to the limitation once they are carried over to a period in which the limitation applies. NOL carryforwards from earlier pre-TCJA taxable years will not be subject to this limitation.
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