Replies to post #105157 on Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

Your robot friend is wrong. Sub-chapter S corporations can but not C corps. Ask your accountant.

The corporation must recognize its own gains and losses; thus, shareholders of a controlled or a wholly owned corporation may not claim the corporation's NOLs on their individual returns. A C corporation cannot allocate its NOLs to its shareholders

https://answerconnect.cch.com/topic/0fc870ae7c691000a8c190b11c18c902064/taxpayers-eligible-to-claim-nols

[Jimzin]

WOW! I love your new robot...
He/Him/Her/It speaks my language!